5
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$15
10,018 Sqft Lot
New
116 S Lincoln Loveland, CO 80537
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
Subdivision Ballard Place
MLS Listing ID IRE1071087
HOA Y/N No
Year Built 1950
Annual Tax Amount $2
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Retail
Source ires
Property Description
116 S Lincoln Avenue presents a rare opportunity for a food-service owner-user to offset occupancy cost with on-site apartment income.The 0.23 acre lot, located near the southeast corner of E 1st Street and S Lincoln Avenue in Downtown Loveland, includes a three-unit multifamily dwelling. The apartments' rental income directly offsets the owner's debt service and operating costs, allowing a business to secure a turnkey 1,971 SF restaurant building at a competitive net effective rate.The property sits in close proximity to new and exciting development in Downtown Loveland, including The Foundry Plaza - a mixed-use development spanning three blocks consisting of apartments, restaurants, a salon, hotel, and a central plaza for community entertainment.The flexible DT - Downtown zoning offers a myriad of potential uses including retail, office, residential, and general commercial. The restaurant building features a type II hood, walk-in cooler, three-compartment sink, and a small grease trap at the three-compartment sink. Recent capital improvements include a newer roof, parking lot, and drive aisles.
Location
State CO
County Larimer
Community Ballard Place
Area Loveland/Berthoud
Zoning DT
Interior
Heating Forced Air
Cooling Central Air
Exterior
Utilities Available Natural Gas Available, Electricity Available
View Y/N No
Roof Type Flat
Improvements No
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Block
New Construction false
Schools
Elementary Schools Winona
High Schools Thompson R2-J
School District Thompson R2-J
Others
Special Listing Condition Private Owner
Listed by David D'Ambrosio
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