1075 Pennock PlFort Collins, CO 80524

Property Details for 1075 Pennock Pl

Year built

1986

Construction

WOOD FRAME

Lot size

0.14 AC

Property size (Sq ft)

2,900 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

97131-38-001

APU

9713138001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,018,536

  6.5%

  $940,187

  7%

  $873,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,918,992

  Geo Method

  $603,787

• Alternative Use

  Use

  Valuation

  Residential

  $793,083

  Hospitality

  $726,460

  Educational

  $604,406

  Medical

  $625,193

  Retail

  $940,187

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

Property Tax & Assessments

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