Technical
Financial
Distress signals
Property profile

223 Linden St Fort Collins, CO 80524

FOR LEASE
Turn key restaurants
Property ID
US13-2580945
8,500 SF 0.12 ac lot Built 1901
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1901
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,500 SF
Lot 0.12 ac (5,227 SF)
APN 97123-46-040
UPID US13-2580945

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Home Health Care Service Care Services
  • Bar & Pub
  • Advertising Agency Marketing & Advertising
  • Restaurant

Location

223 Linden St Fort Collins, CO 80524
Fort Collins metro Census 100 FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
$716k
Blend (final) Blend
$615k

Owner & transaction history

since 2022
Last sale
$666,000
7 recorded transactions
2022
Price N/A
2022
Price N/A
2022
Price N/A
2020
$666,000
2018
Price N/A
2014
$172,500
2009
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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