1221 S Main St Longmont, CO 80501
Southmoor NeighborhoodEstimated payment $13,649/month
Highlights
- 0.52 Acre Lot
- No HOA
- 1-Story Property
- Niwot High School Rated A
- Forced Air Heating and Cooling System
About This Home
Introducing an exceptional investment opportunity at 1221 S Main St, Longmont, CO 80501. This Founder Operated Ziggi's Coffee location offers a prime spot on the bustling South Main Street, with high daily traffic of over 27,000 vehicles. Boasting a 15-year Absolute NNN lease, this property ensures a hassle-free investment with a reliable tenant. With a purchase price of $2,200,000 and a solid NOI of $132,000, this property yields a competitive 6% CAP rate. Ziggi's Coffee, founded in Longmont in 2004, operates 103 locations across 21 states, showcasing a successful track record. The property, built in 2010, comprises 332 SF of retail space and a 740 SF storage area on a .52-acre lot. The Longmont market's steady growth, paired with the brand's loyal following and innovative products like Dirty Sodas, promises continued success for this location. Don't miss out on this rare chance to own a piece of this thriving coffee business in an ideal Colorado setting.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,445
Year Built
- Built in 2010
Home Design
- Wood Frame Construction
- Metal Siding
Interior Spaces
- 1,072 Sq Ft Home
- 1-Story Property
Additional Features
- 0.52 Acre Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number R0048239
Community Details
Overview
- No Home Owners Association
- Kinsig Subdivision
Building Details
- Gross Income $132,000
- Net Operating Income $132,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $16,445 | $174,292 | $157,747 | $16,545 |
| 2023 | $16,445 | $174,292 | $157,747 | $24,915 |
| 2022 | $11,938 | $120,640 | $103,530 | $17,110 |
| 2021 | $11,754 | $120,640 | $103,530 | $17,110 |
| 2020 | $11,719 | $120,640 | $103,530 | $17,110 |
| 2019 | $11,534 | $120,640 | $103,530 | $17,110 |
| 2018 | $9,056 | $95,338 | $81,038 | $14,300 |
| 2017 | $8,933 | $95,338 | $81,038 | $14,300 |
| 2016 | $8,679 | $90,798 | $74,769 | $16,029 |
| 2015 | $8,271 | $81,070 | $66,758 | $14,312 |
| 2014 | $7,572 | $81,070 | $66,758 | $14,312 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | For Sale | $2,200,000 | -- | $2,052 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $350,000 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $160,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,067,627 | Construction | |
| Closed | $2,067,627 | Construction | |
| Closed | $4,420,261 | Commercial | |
| Closed | $793,000 | Credit Line Revolving | |
| Closed | $209,000 | Small Business Administration | |
| Closed | $250,000 | Commercial | |
| Closed | $200,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $24,067 | Commercial | |
| Previous Owner | $10,000 | Commercial | |
| Previous Owner | $30,000 | Commercial | |
| Previous Owner | $60,054 | Commercial |
Source: IRES MLS
MLS Number: 1031240
APN: 1315103-34-001
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Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
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