Historical Retail Sale Listing - Choice Center II

Retail For Sale

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Choice Center II

1611 South College, Fort Collins, CO 80524

N/A

24,351 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
24,351 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
9%
No. Stories:
2
Tenancy:
Multiple
Year Built:
1963
Lot Size:
76,813 SF
Listing ID
15465705
Last Updated
over 1 year ago

Highlights

  • CLOSE TO CSU WITH LOTS OF SQUARE FOOTAGE AND POTENTIAL
  • HUGE PARKING LOTS - ACCOMMODATES APPROX 98 VEHICLES
  • CONTAINS A FULLY EQUIPPED "TURNKEY" RESTAURANT WITH 4,327 SQ FT
  • EASY TO RECONFIGURE WALLS TO ACCOMMODATE DIFFERENT TENANT NEEDS

Description

Lots of square footage! Lots of potential! Located in Central Fort Collins, near Colorado State University. Needs some minor renovations & updating-great project for a developer or investor. Market rate should be $10-$12 sq NNN; possibly more with renovations. Even at only $9.50/sq ft NNN with 22,782 leaseable sq ft this building easily provides a 9% cap rate. 2 stories, plus partly finished basement of 2560 sq ft. 40,000 sq ft of paved parking accommodates approx 98 vehicles (4 spaces per 1000 sq ft). Currently 9 office/retail spaces & 1 large turnkey restaurant-spaces easily reconfigured.

Located in Central Fort Collins, close to Colorado State University.

Map of 1611 South College, Fort Collins, CO 80524 (Larimer County)

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