Fort Collins, CO 80525,1606 S Lemay Ave #101
$360,000
$360,000
Est.Price: ?

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1,825 SqFt

1606 S Lemay Ave #101 Fort Collins, CO 80525

Est. payment /mo
SOLD DATE : 11/07/2016

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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

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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Information and Real Estate Services (IRES)
Listed by RE/MAX Alliance-FTC Dwtn • 9704821781
Bought with Realtec C.R.E.S. of Loveland

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Jerid Wempen

Broker

+1(720) 297-4020

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