2839 College AveFort Collins, CO 80525

Property Details for 2839 College Ave

Year built

1970

Construction

STEEL FRAME

Lot size

1.47 AC

Property size (Sq ft)

25,080 SF

Property type

Auto shops

APN

97261-00-034

APU

9726100034

Description

This exceptional 25,080-square-foot freestanding retail building, situated on a 1.41-acre lot at 2839 S College Ave in Fort Collins, Colorado (zip code 80525), presents a rare investment opportunity. Currently configured as a convenience store, grocery store, and restaurant, the property offers significant flexibility. The asking price is $4,495,000, translating to $174.12 per square foot. The property benefits from its prime location on College Avenue, within Larimer County, and is zoned CG (General Commercial), falling within the Fort Collins Transit-Oriented Development (TOD) Overlay Zone. This zoning allows for a variety of uses and higher densities, including but not limited to retail, grocery stores, convenience stores, car washes, hospitality, entertainment venues, and drive-thru restaurants. The existing building could be repurposed to suit a new owner's vision, or the entire site could be redeveloped for a mixed-use project. This property offers substantial potential for a savvy investor seeking a high-visibility location with considerable development possibilities in a thriving Colorado market. The latitude and longitude coordinates are 40.54778341 and -105.07735457, respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $6,790,570

  6.5%

  $6,268,220

  7%

  $5,820,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,849,130

  Geo Method

  $2,154,990

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,150,600

  Mixed-Use / Specialty

  $6,275,360

  Hospitality / Lodging

  $4,642,430

  Office

  $6,268,800

  Institutional / Educational

  $6,534,390

  Residential Income

  $7,645,230

  Multifamily

  $9,005,780

  Automotive / Energy

  $5,600,900

  Parking / Income-Based Land

  $1,903,670

  Restaurant / Food Service

  $3,326,810

  Healthcare / Senior Housing

  $6,405,020

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5479

Longitude

-105.078

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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