$360,000
$360,000
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1,825 SqFt
SOLD DATE : 11/07/2016
Key Details
Sold Price $360,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,825 sqft
Subdivision Covalt Park Central Condominimums
MLS Listing ID 783570
Sold Date 11/07/16
HOA Y/N false
Abv Grd Liv Area 1,825
Originating Board IRES MLS
Year Built 1984
Annual Tax Amount $7,885
Lot Size 1,742 Sqft
Acres 0.04
Property Description
Unit 101 has been occupied by Obee's Sandwiches for 14 years. Current lease runs through 2018 with options through 2024. This is a solid investment property with stable income at a 6.6% Cap Rate. Covalt Park Central retail center is at one of the busiest intersections in Fort Collins at Prospect and Lemay. An investor can take advantage of the solid tenant mix the center has to offer. Neighboring tenants include Edward Jones, East Moon Asian Bistro, 7-11 Convenience, and Allstate.
Location
State CO
County Larimer
Area Fort Collins
Zoning Commercial
Interior
Heating Forced Air
Cooling Refrigeration/HVAC
Exterior
Waterfront false
Roof Type Rubber
Building
Water City Water, City Fort Collins
Structure Type Block
New Construction false
Schools
Elementary Schools Beattie
Middle Schools Boltz
High Schools Ft Collins
School District Poudre
Others
Senior Community false
Tax ID R1629672
Special Listing Condition Private Owner
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