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CO
Fort Collins
80524
244 College Ave

Property profile

244 College Ave Fort Collins, CO 80524

OFF-MARKET

Investment properties

Property ID

US13-2329189

25,319 SF 0.6 ac lot Built 1901

Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity

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This exceptional 3,046 square foot retail or restaurant space is located in the heart of Old Town Fort Collins' vibrant Exchange building at 244 N College Ave, 80524, Larimer County, Colorado. Built in 2017, this single-tenant space boasts a versatile layout perfect for a variety of concepts. Features include a dedicated dining area, a full bar, an event space ideal for private functions, a well-equipped kitchen, private restrooms, and multiple offices. Ample storage is available, including a mezzanine level for added capacity. Enjoy a covered exterior patio, perfect for outdoor dining or events. The property benefits from prominent building signage facing College Avenue, ensuring high visibility. The space includes access to a grease trap, a key feature for food service businesses. Utilities are tenant-responsible (electric and gas). This is a rare opportunity to secure a prime location in one of Fort Collins' most sought-after areas. The property's modern design and convenient amenities make it an ideal space for a thriving business. Don't miss this chance to establish your presence in the bustling Old Town Fort Collins market.

Property type Investment properties

Use group STORE/OFFICE (MIXED USE)

Year built 1901

Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)

Total area 25,319 SF

Lot 0.6 ac (26,180 SF)

APN 97122-36-001

UPID US13-2329189

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Landscaping (Bike/Boat/Book/etc) Store
Gym & Fitness Center
Golf Course
Gym & Fitness Center
Gym & Fitness Center

244 College Ave Fort Collins, CO 80524-3498

Fort Collins metro Census 100 FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

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AI Approach AI

by Request

CAP Approach CAP

$5.54M

Comparable Approach Comparable

$6.76M

Blend (final) Blend

$6.15M

since 2020

2 recorded transactions

2020

Price N/A

1969

Price N/A

Top alternative use upside

Medical building $4.3M +19.0%

Office building $4.0M +11.7%

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$6,055,000

24,918 SF

1 Old Town Sq Ste 104b

STORE/OFFICE (MIXED USE)

1 Old Town Sq Ste 104b, Fort Collins, CO 80524-2464

View Details
Value Estimation
$2,245,000

9,232 SF

19 Old Town Sq

STORE/OFFICE (MIXED USE)

19 Old Town Sq, Fort Collins, CO 80524-2471

View Details
Value Estimation
$3,770,000

19,898 SF

153 College Ave

STORE/OFFICE (MIXED USE)

153 College Ave, Fort Collins, CO 80524-2443

View Details
Value Estimation
$3,360,000

15,600 SF

107 College Ave

STORE/OFFICE (MIXED USE)

107 College Ave, Fort Collins, CO 80524-2443

View Details
Value Estimation
$4,360,000

22,250 SF

110 College Ave

STORE/OFFICE (MIXED USE)

110 College Ave, Fort Collins, CO 80524-2482

View Details
Value Estimation
$1,305,000

5,377 SF

200 College Ave, Unit 100

STORE/OFFICE (MIXED USE)

200 College Ave, Fort Collins, CO 80524-2892

View Details

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