151 College AveFort Collins, CO 80524

  • Turn key restaurants
  • 7,066 SF
For Lease
$14/SF/YR View listing

Property Details for 151 College Ave

Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.11 AC
Property size (Sq ft)
7,066 SF
Property type
Turn key restaurants
APN
97114-05-014
APU
9711405014

Description

This exceptional commercial property at 151 S College Ave, Fort Collins, CO 80524, offers a rare opportunity in the desirable Old Town area. The building totals 4,742 square feet and features two available suites, providing flexible space options for a variety of businesses. One suite boasts a spacious open layout, ideal for collaborative work environments or retail displays, while the other offers multiple private offices and dedicated conference areas, perfect for professional services or corporate offices. Both suites benefit from abundant natural light. The property is strategically located on a prominent corner lot at the intersection of Oak and College Avenue, ensuring high visibility and excellent foot traffic. The minimum divisible space is 2,200 square feet, with a maximum contiguous space of 2,200 square feet. Currently, 3,996 square feet are vacant, presenting a significant opportunity for immediate occupancy. This versatile property is perfect for businesses seeking a high-profile location in a vibrant and thriving community. The property is classified as both retail and office space, making it suitable for a wide range of uses. Don't miss this chance to secure a prime location in the heart of Old Town Fort Collins.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,913,160
    6.5%
    $1,766,000
    7%
    $1,639,850
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,929,660
    Geo Method
    $607,145
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,423,300
    Mixed-Use / Specialty
    $1,768,010
    Hospitality / Lodging
    $1,307,950
    Office
    $1,766,160
    Institutional / Educational
    $1,840,990
    Residential Income
    $2,153,960
    Multifamily
    $2,537,280
    Automotive / Energy
    $1,577,990
    Parking / Income-Based Land
    $536,336
    Restaurant / Food Service
    $937,289
    Healthcare / Senior Housing
    $1,804,540

Location Insight

City
Fort Collins
County
Larimer
State
Colorado
Latitude
40.5881
Longitude
-105.078
CBSA code
22660
CBSA name
FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,862
$97,287
$265,385
$362,672
-
$348,700
$951,200
$1,299,900

FAQs

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Please email our support team at [email protected] and they will add the team member.
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