1507 Riverside AveFort Collins, CO 80524

Property Details for 1507 Riverside Ave

Year built

2005

Construction

WOOD FRAME

Lot size

0.41 AC

Property size (Sq ft)

6,088 SF

Property type

Office properties

Property subtype

Office buildings

APN

87184-10-001

APU

8718410001

Description

This exceptional 6,238 square foot, two-story office building at 1507 Riverside Avenue in Fort Collins, Colorado, presents a unique owner-user or investment opportunity. Built in 2005 and renovated in 2017, this Class B property boasts 100% occupancy as of June 1st, 2024, with six units across a 0.41-acre lot. The building's flexible design allows for various demising options, making it ideal for an owner-user seeking to occupy a portion while leasing the remainder. Its prime location on Riverside Avenue offers high visibility, enhanced by lighted monument signage, and provides convenient access to Old Town Fort Collins and Interstate 25 via Prospect Road. The property features ample natural light and is zoned E. The asking price is $1,450,000, translating to $232.45 per square foot. This single-owner building presents a strong investment opportunity with potential for a co-working space configuration. The property's APN is 8718410001.

• CAP approach

  CAP return

  Valuation

  6%

  $1,454,574

  6.5%

  $1,342,684

  7%

  $1,246,778

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,598,635

  Geo Method

  $502,991

• Alternative Use

  Use

  Valuation

  Residential

  $1,664,928

  Hospitality

  $1,525,065

  Educational

  $1,268,836

  Medical

  $1,312,474

  Retail

  $1,973,745

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5725

Longitude

-105.048

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

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

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].