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Loveland, CO 80537 116 Peridot Ave

116 Peridot Ave Loveland, CO - Image 1116 Peridot Ave Loveland, CO - Image 2116 Peridot Ave Loveland, CO - Image 3
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  • MLS# 992711
  • 07/21/2023
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  • SQFT • 330

Home Details

13.9% CAP RATE- OWNER HAS CITY STAMPED ENG. PLANS TO ADD 150 SQFT- 116 Peridot Avenue offers a prime location and business opportunity in Loveland, Colorado! This standalone drive-through building offers 330 square feet of retail space for sale. Previously operated as "Maui Wowi", a Hawaiian-style coffee and smoothie shop, this property hosts a premium location on the bustling cross streets of Denver and 1st. Conveniently positioned next to the new Larimer County Vehicle Licensing building and New Vision Charter School, 116 Peridot benefits from exceptional visibility and high traffic counts throughout the year. The property comes fully equipped with all essential kitchen appliances, making it an excellent choice for aspiring entrepreneurs looking to continue the legacy of a coffee shop franchise or explore the potential of a frozen/baked goods drive-through. Constructed in 2019 as a commercial restaurant, 116 Peridot is modern and well-suited for various culinary or other drive-through ventures. The location's convenience is further amplified by its proximity, within a radius of 3.0 miles, to numerous businesses and key locations catering to your target demographic. These include the downtown Loveland, Winona Outdoor Public Pool, Chilson Recreation Center, Denver Avenue Commercial Park housing over 15 local businesses, Foundations Church, Mountain View High School, Loveland Sports Park, McKee Medical Center, Skyline Endoscopy Center, Orthopedic Center of the Rockies, and many others. Whether you're an aspiring coffee shop owner seeking a turnkey operation or an investor looking to capitalize on a highly sought-after location, 116 Peridot Avenue offers an ideal setting for your venture. Don't miss the chance to secure this prime property for year-round sales and thriving activity in the Loveland Community! SELLER IS WILLING TO OWNER CARRY FOR A SHORT TERM.
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Interior Features for 116 Peridot Ave

Other Interior Features

LivingAreaSourceAssessor
BasementNone

General for 116 Peridot Ave

AccessibilityLevel Lot, Level Drive, No Stairs
AppliancesKitchenette
AttributionContact9702197096
Availability Date2023-07-21
Building FeaturesCovenants
Business TypeRetail, Class A
Cap Rate13.85
CityLoveland
Construction MaterialsFrame, Floor: Concrete, Floor: Drains
CoolingCentral Air
CountyLarimer
ElectricCity ofLoveland
Energy EfficientSouthern Exposure, High Efficiency Furnace
Expected Active Date 2023-07-21
Gross Income217358
HOANo
HeatingForced Air, Wall Furnace
Lease Amount FrequencyNot Leased
MLS AreaLoveland/Berthoud
Net Operating Income69957
New ConstructionNo
Operating Expense147401
Parcel NumberR1680868
Possible UseBusiness, Commercial, Industrial
Property SubtypeRetail
Property TypeCommercial Sale
RoofMetal
Security FeaturesSecurity System
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive/Backup
Subdivision NameAnderson Farm 13th
Tax Annual Amount3747
Tax Year2022
Tenant PaysElectricity, Water, Sewer, Taxes, Interior Maintenance, Common Area Maintenance, Exterior Maintenance, Structural Maintenance, Association Fees, Trash Collection, HVAC Maintenance, Janitorial Service, All Operat
UtilitiesElectricity Available, Master Meter-Gas
ViewCity
Year Built2019
ZoningIndustrial

Exterior for 116 Peridot Ave

Building Area Total330
Irrigation Water Rights Y/NNo
Lot FeaturesNative Grass, Level, City Limits, Paved, Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet
Lot Size Acres0.24
Lot Size Area10442
Road Frontage TypeCity Street
Road Surface TypeAsphalt
Water SourceCity
Waterfront Y/NNo

Additional Details

Price History

Nathan Washam

Broker/Owner
Price $505,000
MLS#992711
List Date 07/21/2023
Property Type Backup
Phone 970.988.8295
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