1307 College AveFort Collins, CO 80524

Property Details for 1307 College Ave

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

3,300 SF

Property type

Auto shops

APN

97021-00-017

APU

9702100017

Description

This exceptional Fort Collins investment opportunity encompasses a 0.41-acre parcel featuring multiple buildings totaling approximately 7,050 square feet. The property boasts 55 feet of prime College Avenue frontage, ensuring high visibility and accessibility. The main structure is a 3,300-square-foot retail building, complemented by a 1,500-square-foot attached storage area. A separate 1,100-square-foot office building includes a kitchen, three private offices, and open workspace, ideal for executive functions. An additional 1,150-square-foot rear storage building provides ample space for various needs. Built in 1963, this property benefits from its location in the 'C-S' Service Commercial District zone and within the Colorado Enterprise Zone. The asking price is $875,000, translating to approximately $124.11 per square foot. A 16-foot easement runs along the north boundary. The property enjoys convenient right-in/right-out access from College Avenue, a thoroughfare experiencing 31,898 vehicles per day (2017 data). This presents a unique chance to acquire a versatile commercial property in a high-traffic location with significant development potential. All square footages are approximate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,159,024

  6.5%

  $1,069,868

  7%

  $993,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,183,681

  Geo Method

  $687,068

• Alternative Use

  Use

  Valuation

  Residential

  $902,474

  Hospitality

  $826,661

  Educational

  $687,773

  Medical

  $711,426

  Retail

  $1,069,868

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.6055

Longitude

-105.077

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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