120 Triangle Dr Fort Collins, CO 80525
- Retirement homes
- 3.86 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 120 Triangle Dr
- Lot size
- 3.86 lot acres
- Property type
- Retirement homes
Description
This exceptional 3.86-acre property at 120 Triangle Drive, Fort Collins, CO 80525, presents a prime multifamily development opportunity. Currently featuring a 46-unit apartment building, this site is zoned for Medium Density Mixed-Use Neighborhood District (M-M-N), offering significant potential for expansion or redevelopment. The asking price is $785,000, translating to an attractive price per unit of $20,108.70. Situated in the highly desirable College Avenue Corridor, this infill location boasts convenient access to Northern Colorado communities. The property benefits from existing off-site infrastructure, with water and sewer utilities already connected and paid for. Given the scarcity of development-ready sites in this area, this presents a rare chance to capitalize on the strong demand for housing in Fort Collins. The property's strategic location and zoning flexibility make it an ideal investment for developers seeking to create a thriving multifamily community. This is a truly exceptional opportunity to acquire a well-positioned asset with significant upside potential in a rapidly growing market. The property is ready for immediate development or can be utilized as a currently operating 46-unit apartment complex. Don't miss this chance to secure a piece of Fort Collins' vibrant real estate market.
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
- -105.0779386
- Latitude
- 40.486926
