This exceptional turnkey restaurant opportunity in Fort Collins, Colorado, presents a rare chance to acquire a well-established commercial property. Located at 1075 Pennock Place, this single-story, freestanding building boasts 2,900 square feet on a 0.13-acre lot. Originally constructed in 1986 and extensively renovated in 2009, the property is zoned NC - Neighborhood Commercial within Larimer County. The building features a fully equipped kitchen, ready for immediate operation, along with a convenient patio area and ample parking for patrons. Its strategic location offers unparalleled access to a high-density customer base. The property enjoys close proximity to major landmarks including Poudre Valley Hospital, Woodward's global headquarters, and the Colorado State University campus, all within a short distance of downtown Fort Collins (just 2 miles away). This location ensures high visibility and consistent foot traffic, making it an ideal investment for a discerning restaurateur seeking a thriving business in a vibrant community. The property's history as a continuously operating restaurant since 1986 speaks volumes about its enduring appeal and potential for continued success. This is a truly remarkable opportunity to acquire a turnkey restaurant with established infrastructure and a prime location in a rapidly growing market. The property's single-tenancy nature offers simplicity and control, while its size and amenities provide ample space for a variety of culinary concepts.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$785,193
6.5%
$724,794
7%
$673,023
Comparable approach
Method
Valuation
Relative Method
$791,965
Geo Method
$249,182
Alternative Use
Use
Valuation
Industrial / Distribution
$1,404,980
Mixed-Use / Specialty
$725,620
Hospitality / Lodging
$536,804
Office
$724,861
Institutional / Educational
$755,571
Residential Income
$884,018
Multifamily
$1,041,340
Automotive / Energy
$647,632
Parking / Income-Based Land
$220,121
Restaurant / Food Service
$384,678
Healthcare / Senior Housing
$740,613
Location Insight
City
Fort Collins
County
Larimer
State
Colorado
Latitude
40.5753
Longitude
-105.058
CBSA code
22660
CBSA name
FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
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Pennock Pl Fort Collins, CO 80524
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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