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    343 College Ave Fort Collins, CO 80524

    For Sale
    $886,500

    Four Units, Redevelopment Opportunity, High Traffic Area

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents four retail condo units within the highly anticipated Block 23 redevelopment project in Fort Collins, Colorado. Located at 343 N College Ave, this property boasts a prime location in Old Town, directly on College Avenue between Maple and Cherry Streets. The development encompasses a 1.74-acre site and includes a four-story, 160-unit senior living facility, 20,000 square feet of ground-floor retail space, and a parking garage. The retail units range from 1,500 to 11,500 square feet, offering flexibility for various uses, including pharmacy/drug stores, restaurants, and other storefront businesses. The asking price is $886,500, translating to $591 per square foot. This price includes pro-rata ownership of parking spaces within the development's parking garage. The property benefits from its proximity to the Fort Collins Transit Center, the Poudre Trail, and the Poudre River Whitewater Park, ensuring high visibility and accessibility. Surrounding the development are numerous single-family and multi-family residential communities, including Old Town North, Northfield, Mosaic, Mountain Vista, and Montava, providing a strong and growing customer base. This is a rare chance to acquire retail space in a thriving, revitalized area of Old Town Fort Collins. The property's strategic location and the inclusion of parking make this an attractive investment for discerning buyers.

    Property Features for 343 College Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,500 SF

    Building Details

    Units
    4

    HighLights

    • $886,500 asking price.
    • Retail property with multi‑tenant occupancy.
    • 1,500 - 11,500 square feet total space, divided into 4 units.
    • Located at 343 N College Ave, Fort Collins, CO 80524.
    • Property includes pharmacy/drug, restaurant, and storefront spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fort Collins Mobile ... Truck Repair Shop

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -105.0774559
    Latitude
    40.5919614

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    FAQs

    What type of property is this?
    Individual retail property - Four Units, Redevelopment Opportunity, High Traffic Area
    Where is this individual retail property located?
    The property is located at 343 College Ave Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $886,500.
    What are key features of this property?
    This property features: $886,500 asking price.; Retail property with multi-tenant occupancy.; 1,500 - 11,500 square feet total space, divided into 4 units.
    Request Owner's contact information
    343 College Ave 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
    343 College Ave Fort Collins, CO 80524
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