240-242 Walnut St Fort Collins, CO 80524

Property Details for 240-242 Walnut St

Property size

3,760 SF

Property type

Retail properties

Description

This exceptional freestanding retail building, located at 240-242 Walnut Street in the heart of Fort Collins' vibrant Old Town, presents a unique investment opportunity. The 3,760 square foot building sits on a 7,600 square foot lot and is currently home to two established, long-term retail tenants. The asking price is $2,500,000. The property boasts ten double-stacked parking spaces to the rear, currently leased month-to-month, generating supplemental income. This provides a stable revenue stream alongside the existing tenant leases. Beyond the existing structure, significant upside potential exists. The substantial lot size offers approximately 3,000 square feet of excess land, presenting the possibility of developing additional multi-level space. This prime location in Larimer County, Colorado (zip code 80524), offers excellent visibility and accessibility within a thriving urban retail area. The property's historic character combined with its modern income potential makes it an attractive investment for discerning buyers seeking a strong return in a desirable market. This is a rare opportunity to acquire a well-established, income-producing property with significant expansion possibilities in a highly sought-after Colorado location.