400 Main St Unit 1 Longmont, CO 80501
Business District NeighborhoodEstimated payment $13,275/month
Highlights
- Brick Veneer
- Forced Air Heating and Cooling System
- 1-Story Property
About This Home
Founder Operated Ziggi's Coffee. Excellent location, ideal for 1031. Absolute NNN 15-year Lease to be signed at closing providing a 6% cap rate. Available individually or as a portfolio sale. This offering represents a rare opportunity to acquire a fee simple interest in a long-term absolute net investment for a Ziggi's Coffee operated by Ziggi's founders and CEO. The location is strategically located on Main Street, the main artery for Longmont traffic flow. This property, on arguably the best corner in downtown Longmont seeing 26,000 vehicles per day, is The Original Ziggi's Location. Founded at this corner in 2004, Ziggi's has expanded to 103 locations open in 21 states with over 160 franchisees.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,953
Year Built
- Built in 1910
Home Design
- Brick Veneer
Interior Spaces
- 1,678 Sq Ft Home
- 1-Story Property
Additional Features
- 3,125 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number R0515902
Community Details
Overview
- Property has a Home Owners Association
- 400 Main Street Condo 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 | $11,953 | $112,604 | -- | $112,604 |
| 2023 | $11,953 | $112,604 | -- | $120,974 |
| 2022 | $13,927 | $125,744 | $0 | $125,744 |
| 2021 | $13,735 | $125,744 | $0 | $125,744 |
| 2020 | $13,700 | $125,759 | $0 | $125,759 |
| 2019 | $13,507 | $125,759 | $0 | $125,759 |
| 2018 | $12,790 | $119,770 | $0 | $119,770 |
| 2017 | $12,635 | $119,770 | $0 | $119,770 |
| 2016 | $12,737 | $118,610 | $15,167 | $103,443 |
| 2015 | $12,203 | $112,949 | $14,442 | $98,507 |
| 2014 | $11,882 | $112,949 | $14,442 | $98,507 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | For Sale | $2,200,000 | -- | $1,311 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $655,400 | Land Title Guarantee | |
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | $200,000 | None Available | |
| Special Warranty Deed | $413,500 | Land Title Guarantee Company | |
| Quit Claim Deed | $250 | None Available | |
| Warranty Deed | $575,250 | Fahtco | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $300,000 | Fahtco |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $770,000 | New Conventional | |
| Closed | $580,000 | Future Advance Clause Open End Mortgage | |
| Closed | $75,000 | Commercial | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $882,000 | Commercial | |
| Previous Owner | $344,000 | Commercial | |
| Previous Owner | $344,000 | Commercial | |
| Previous Owner | $229,296 | Commercial | |
| Previous Owner | $173,000 | Commercial | |
| Previous Owner | $210,750 | Commercial | |
| Previous Owner | $168,600 | Commercial | |
| Previous Owner | $100,000 | Commercial | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $122,274 | Commercial | |
| Previous Owner | $300,000 | Seller Take Back |
Source: IRES MLS
MLS Number: 1031728
APN: 1315034-41-001
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Information deemed reliable but not guaranteed by the MLS.
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