116 S Lincoln, Loveland, CO 80537
116 S Lincoln, Loveland, CO 80537
116 S Lincoln, Loveland, CO 80537
116 S Lincoln, Loveland, CO 80537
116 S Lincoln, Loveland, CO 80537
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Holly Vermeern

Holly Vermeern

+1(970) 308-7835
$ 15

10,018 Sqft Lot

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$ 15
Save

10,018 Sqft Lot

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

Information and Real Estate Services (IRES)
Listed by David D'Ambrosio

NEARBY SCHOOLS & PROPERTIES

Holly Vermeern

Making real estate fun, simple and stress-free!

+1(970) 308-7835

hollyvrealestate@gmail.com

Fort Collins, CO

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116 S Lincoln