$1,450,000
$1,575,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
121 Kensington Dr Fort Collins, CO 80525
4,302 SqFt
Key Details
Sold Price $1,450,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,302 sqft
Subdivision Gateway At Harmony Road
MLS Listing ID 827326
Sold Date 04/04/18
HOA Y/N false
Abv Grd Liv Area 4,302
Originating Board IRES MLS
Year Built 1994
Lot Size 0.830 Acres
Acres 0.83
Property Description
Premier location situated on College Ave, 1 block north of Harmony Road. Built in 1994, this parcel contains a mini lube garage and car wash occupied by Jiffy Lube as well as a currently vacant gas station. Current lease with Jiffy Lube nets $88,032/year NNN. With vacant gas station paying a proforma amount of $30,000/year NNN, the property would have a CAP rate of 7.5%. Property could be investment, or owner-operator could occupy gas station and receive the income from Jiffy Lube tenant.
Location
State CO
County Larimer
Area Fort Collins
Zoning Commercial
Interior
Heating Forced Air
Cooling Refrigeration/HVAC
Exterior
Waterfront false
Roof Type Wood
Building
Water City Water, City of Fort Collins
Structure Type Brick/Brick Veneer
New Construction false
Others
Senior Community false
Tax ID R1303996
SqFt Source Plans
Special Listing Condition Private Owner
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Cushman Wakefield