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    1603 College Ave Fort Collins, CO 80524

    For Sale
    $349,999

    0.75-acre Drive-Thru Site, $349,999

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 0.75-acre commercial land parcel, located at 1603-1605 North College Avenue in Fort Collins, Colorado (zip code 80524), presents a unique investment opportunity. Currently zoned CS, the property boasts a previously approved Planned Development Plan (PDP) for a drive-thru retail establishment, although re-approval is pending. The asking price of $349,999 includes credits for two three-quarter inch water taps. This highly desirable location offers easy accessibility and proximity to the North College Marketplace, anchored by a high-volume King Soopers grocery store. The approved plan is suitable for a fast-food restaurant, but the zoning allows for modification to accommodate alternative commercial uses. The property benefits from its position within a rapidly developing area of Fort Collins, experiencing significant growth with new single-family homes and student housing currently under construction nearby. Furthermore, the presence of an active Urban Renewal Authority in the area presents additional opportunities for enhancing the trade area and maximizing the property's potential. This is a rare chance to acquire a well-situated commercial lot in a thriving Colorado market. The latitude and longitude coordinates are 40.608689 and -105.077099 respectively, within Larimer County.

    Property Features for 1603 College Ave

    General Information

    Property type
    Land
    Lot Size
    32,670 SF

    HighLights

    • Two (2) three‑quarter inch water taps included.
    • Fully approved PDP for drive‑thru retail in North Fort Collins' prime location.
    • High‑visibility site near a King Soopers‑anchored North College Marketplace.
    • Approved for drive‑thru fast food, adaptable for other uses.
    • High‑growth area with substantial new residential construction.
    • Urban Renewal Authority presence offers development incentives.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Actual Verboten North Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.077099
    Latitude
    40.608689

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    FAQs

    What type of property is this?
    Land - 0.75-acre Drive-Thru Site, $349,999
    Where is this land located?
    The property is located at 1603 College Ave Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $349,999.
    What are key features of this property?
    This property features: Two (2) three-quarter inch water taps included.; Fully approved PDP for drive-thru retail in North Fort Collins' prime location.; High-visibility site near a King Soopers-anchored North College Marketplace.
    Request Owner's contact information
    1603 College Ave Fort Collins, CO 80524
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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
    1603 College Ave Fort Collins, CO 80524
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