1611 South College
Fort Collins, CO 80524 ·
24,351 SF · Retail For Sale
Choice Center II
|Gross Leasable Area||24,351 SF||No. Stories||2|
|Property Sub-type||Strip Center||Year Built||1963|
|Property Use Type||Investment||Lot Size||76,813 SF|
|Listing ID: 15465705||Date Created: 12/04/2007||Last Updated: 05/08/2008|
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.
- 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
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