140 Oak St Fort Collins, CO 80524
- Lifestyle centers
- 13,050 SF
Current Use by Public Records
- Babalu's Cuban Cafe / Cuban Restaurant
- JJsmobilesolution / Cell Phone Store / Cell Phone Accessory Store
- Oak Street Mall / Shopping Mall
- Harlow Gold Salon and Spa / Hair Salon / Facial Spa
- Flamingo Boutique LLC / Consignment Shop / Men'S Clothing Store
Property Details for 140 Oak St
- Year built
- 1925
- Property size
- 13,050 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 13,050-square-foot retail center, located at 140 W Oak St. in the heart of Downtown Fort Collins, Colorado, presents a compelling investment opportunity. The property, known as Oak St. Plaza, boasts a strong 96.6% occupancy rate across its 16 tenants within 17 units. Built in 1925 and situated on a single two-story building, the property offers a blend of historical charm and modern functionality. The asking price is $2,850,000, translating to $218.39 per square foot, with a compelling 5.80% capitalization rate and a Net Operating Income (NOI) of $165,408. The property is zoned for Downtown District use, allowing for flexibility and potential repositioning opportunities. The multi-tenant, NNN lease structure provides a stable income stream. Ample street and garage parking are conveniently located nearby, enhancing the appeal for both tenants and customers. This prime location in the desirable downtown area of Fort Collins, within Larimer County and zip code 80524, offers significant potential for long-term growth and return on investment. The property's strong occupancy and favorable financial metrics make it an attractive addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Collins
- County
- Larimer
- State
- Colorado
- Longitude
- -105.078
- Latitude
- 40.5856
