140 Oak StFort Collins, CO 80524

Property Details for 140 Oak St

Year built

1925

Property size (Sq ft)

13,050 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional 13,050-square-foot retail center, located at 140 W Oak St. in the heart of Downtown Fort Collins, Colorado, presents a compelling investment opportunity. The property, known as Oak St. Plaza, boasts a strong 96.6% occupancy rate across its 16 tenants within 17 units. Built in 1925 and situated on a single two-story building, the property offers a blend of historical charm and modern functionality. The asking price is $2,850,000, translating to $218.39 per square foot, with a compelling 5.80% capitalization rate and a Net Operating Income (NOI) of $165,408. The property is zoned for Downtown District use, allowing for flexibility and potential repositioning opportunities. The multi-tenant, NNN lease structure provides a stable income stream. Ample street and garage parking are conveniently located nearby, enhancing the appeal for both tenants and customers. This prime location in the desirable downtown area of Fort Collins, within Larimer County and zip code 80524, offers significant potential for long-term growth and return on investment. The property's strong occupancy and favorable financial metrics make it an attractive addition to any portfolio.

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5856

Longitude

-105.078

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