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313 W Drake Rd 12,209 SF 50% Leased Office Building Fort Collins, CO 80526 $2,750,000 ($225.24/SF)
Investment Highlights
- Full Medical Buildout
- Ample on-site parking
- Multi-tenant building
Executive Summary
12,209 SF medical office building available for sale in the heart of Fort Collins’ established midtown corridor. The property is prominently located at the signalized corner of West Drake Road and Redwing Road, providing strong visibility, convenient access, and ample on-site parking across approximately 1.01 acres.
The building is currently approximately 50% leased, creating an immediate owner-user opportunity for a purchaser to occupy roughly 6,000 SF while receiving in-place income from the existing tenancy. Alternatively, an investor can lease the remaining vacancy, capitalize on the existing medical-office layout and parking ratio, and stabilize the asset as a multi-tenant medical office investment.
Renovated in 2014, the two-story building includes elevator access, approximately 6.5 parking spaces per 1,000 SF, and flexible medical-office configurations suitable for dental, healthcare, behavioral health, veterinary, professional office, or related users. Its central Fort Collins location offers direct Drake Road exposure and convenient proximity to Colorado State University, Old Town, and surrounding retail and service amenities.
The building is currently approximately 50% leased, creating an immediate owner-user opportunity for a purchaser to occupy roughly 6,000 SF while receiving in-place income from the existing tenancy. Alternatively, an investor can lease the remaining vacancy, capitalize on the existing medical-office layout and parking ratio, and stabilize the asset as a multi-tenant medical office investment.
Renovated in 2014, the two-story building includes elevator access, approximately 6.5 parking spaces per 1,000 SF, and flexible medical-office configurations suitable for dental, healthcare, behavioral health, veterinary, professional office, or related users. Its central Fort Collins location offers direct Drake Road exposure and convenient proximity to Colorado State University, Old Town, and surrounding retail and service amenities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
12,209 SF
Building Class
B
Year Built/Renovated
1974/2014
Price
$2,750,000
Price Per SF
$225.24
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,105 SF
Building FAR
0.19
Lot Size
1.50 AC
Zoning
E
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Space divisible down to 2,000 SF or upwards of 6,500 SF.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,500-6,500 SF | Office/Medical | - | Now |
1st Floor
| Size |
| 2,500-6,500 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 2,500-6,500 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
Space divisible down to 2,000 SF or upwards of 6,500 SF.
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 97261-28-001 | Improvements Assessment | $585,306 |
| Land Assessment | $35,991 | Total Assessment | $621,297 |
Property Taxes
Parcel Number
97261-28-001
Land Assessment
$35,991
Improvements Assessment
$585,306
Total Assessment
$621,297
1 of 60
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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313 W Drake Rd
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