2160 Drake RdFort Collins, CO 80526

Property Details for 2160 Drake Rd

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.24 AC

Property size (Sq ft)

54,574 SF

Property type

Grocery and convenience stores

APN

97214-40-001

APU

9721440001

Description

Drake Crossing, located at 2160 W Drake Rd, Fort Collins, CO 80526, presents a prime retail opportunity. This 2,400 square foot strip center is situated on a highly visible, signalized corner of Taft Hill Road and Drake Road, offering exceptional exposure. The property boasts a strong anchor tenant lineup, including Safeway and Walgreens, ensuring high foot traffic and a stable tenant base. The entire 2,400 square feet is currently vacant and available for lease as a single unit, providing a unique chance for a business to establish a significant presence in a thriving area. The center benefits from its location within densely populated residential neighborhoods near Horsetooth Reservoir, guaranteeing a robust customer base. A diverse mix of local and national tenants further enhances the property's appeal. Building and monument signage opportunities are available, providing excellent branding potential. This is an exceptional opportunity for a business seeking high visibility and a strong location within a well-established shopping center. The property's size and location make it ideal for a variety of retail uses. The address is easily accessible and benefits from high traffic counts. This is a rare opportunity to secure a prominent retail space in a desirable Fort Collins location.

• CAP approach

  CAP return

  Valuation

  6%

  $19,167,450

  6.5%

  $17,693,032

  7%

  $16,429,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,112,788

  Geo Method

  $11,362,438

• Alternative Use

  Use

  Valuation

  Residential

  $14,924,734

  Hospitality

  $13,670,976

  Educational

  $11,374,092

  Medical

  $11,765,264

  Retail

  $17,693,032

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5542

Longitude

-105.116

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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