This Retail Property is Off-Market.

1611 South College
Fort Collins, CO 80524 ·

24,351 SF · Retail For Sale

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Choice Center II

Price N/A Cap Rate 9%
Gross Leasable Area 24,351 SF No. Stories 2
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 1963
Property Use Type Investment Lot Size 76,813 SF
Commission Split 3%
Listing ID: 15465705 Date Created: 12/04/2007 Last Updated: 05/08/2008

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.

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

Research

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

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