223 Linden StFort Collins, CO 80524

Property Details for 223 Linden St

Year built

1901

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

8,500 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

97123-46-040

APU

9712346040

Description

This exceptional property at 223 Linden Street offers a unique blend of turn-key restaurant and office/retail spaces, ideally situated just steps from Old Town Square in Larimer County. The location provides unparalleled access to a wealth of amenities and is conveniently close to several parking garages, ensuring ease of access for both employees and patrons. The existing restaurant space is fully operational and ready for immediate occupancy, presenting a fantastic opportunity for a restaurateur seeking a prime location. The office/retail spaces are equally versatile, adaptable to a variety of uses, and benefit from abundant natural light thanks to large windows. The current configuration allows for multiple tenants, offering flexibility for various business needs. Furthermore, there's a significant potential for expansion, with the possibility of adding over 400 square feet of dedicated patio space, further enhancing the appeal and functionality of the property. This presents a rare opportunity to acquire a well-established and highly visible commercial space in a thriving downtown area. The property is available for lease only. The building type is a traditional office building, although the current configuration includes a restaurant and office/retail spaces. The total square footage is not currently available. The tenancy is multiple.

• CAP approach

  CAP return

  Valuation

  6%

  $2,985,366

  6.5%

  $2,755,722

  7%

  $2,558,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,624,632

  Geo Method

  $1,769,720

• Alternative Use

  Use

  Valuation

  Residential

  $2,324,554

  Hospitality

  $2,129,280

  Educational

  $1,771,536

  Medical

  $1,832,461

  Retail

  $2,755,722

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5887

Longitude

-105.075

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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