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    1918 Lemay Ave Fort Collins, CO 80524

    For Sale
    $800,000

    4,992 SF Retail Building, $800,000

    Property size:
    4,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail property, located at 1918 S Lemay Ave in Fort Collins, Colorado, presents a compelling investment opportunity. The 4,992 square foot building, constructed in 1980, sits on a 0.62-acre lot and is currently home to seven tenants. The building features 3,358 square feet on the main and upper levels, complemented by a 1,634 square foot basement, offering versatile space for a variety of retail uses. The asking price is $800,000, translating to $160 per square foot. The property is part of a two-building campus, with the option to purchase the adjacent building as well. The campus-like setting includes attractive outdoor patio space. This property is zoned for low-density residential use (RL) in Larimer County, zip code 80524. The property's location in Fort Collins offers excellent access to a thriving community and strong retail market. This is a rare opportunity to acquire a well-occupied retail building with significant potential for growth and return on investment.

    Property Features for 1918 Lemay Ave

    General Information

    Property type
    Retail properties
    Square Feet
    4,992 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1980

    HighLights

    • $800,000 asking price for 4,992 SF retail building.
    • Price per square foot: $160.
    • Located at 1918 S Lemay Ave, Fort Collins, CO 80524, on a 0.62‑acre lot.
    • Built in 1980.
    • Seven current tenants.
    • Campus‑like setting with outdoor patio space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MANTRA Wellness Center Under Pressure Therapeutics Massage Therapist Divine Essence Aesthetics Facial Spa Askew & Gray Doctor Full Cadence Consulting Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.0089888
    Latitude
    40.6358803

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    FAQs

    What type of property is this?
    Retail property - 4,992 SF Retail Building, $800,000
    Where is this retail property located?
    The property is located at 1918 Lemay Ave Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $800,000 asking price for 4,992 SF retail building.; Price per square foot: $160.; Located at 1918 S Lemay Ave, Fort Collins, CO 80524, on a 0.62-acre lot.
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    Fort Collins, CO 80524
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1918 Lemay Ave Fort Collins, CO 80524
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