2979 Garfield AveLoveland, CO 80538

For Sale
$5,923,000

Prime Loveland retail center, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 39,488 square foot retail property, located at 2979 N Garfield Ave in Loveland, Colorado, presents a compelling investment opportunity. Built in 1984 and renovated in 2002, this single-story, multi-tenant building sits on a 4.46-acre lot and boasts 196 parking spaces. Currently housing two tenants, including Dollar Tree and LL Flooring, the property generates a strong net operating income (NOI) of $214,917. The asking price is $5,923,000, translating to $149.99 per square foot. Situated on a major north-south arterial with approximately 34,000 vehicles per day, the property benefits from two full-turn signalized intersections providing excellent customer access. The building features a shared loading dock and three 10'x12' overhead doors, enhancing operational efficiency. The property is zoned B - Developing Business, offering potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-located, income-producing retail center in a thriving Colorado market.

Property Details for 2979 Garfield Ave

Property type
Lifestyle centers, Power centers
Square Feet
39,488 SF
Year Built/Renovated
1984/2002
Buildings
1
Stories
1
Lot Size (sq. ft)
194,278 SF

Location Insight

City
Loveland
County
Larimer
State
Colorado
Latitude
40.42303337
Longitude
-105.0783849
2979 Garfield Ave, Loveland, Colorado

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2979 Garfield Ave
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