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$1,450,000
121 Kensington Dr, Fort Collins, CO, 80525
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.
Offered By
Travis Ackerman 3032923700, Cushman Wakefield
Property Details
Property Type
Commercial Sale
Status
Closed
Property Sub Type
Sale: Commercial/Industrial
MLS #
827326
Heating
Forced Air
Cooling
Refrigeration/HVAC
WATER SOURCE
City Water, City of Fort Collins
Year Built
1994
Roof
Wood
CITY
Fort Collins
SUBDIVISION
Gateway at Harmony Road
COUNTY
Larimer
AREA
Fort Collins
STATE
CO
SENIOR COMMUNITY
No
LATEST UPDATE
2024-05-11T18:49:08.529Z
DAYS ON MARKET
265
PRICE CHANGE(S)
$1,575,000 Dec 8, 2022
CUMULATIVE DAYS ON MARKET
265
Property Details
Property Type
Commercial Sale
Status
Closed
Property Sub Type
Sale: Commercial/Industrial
MLS #
827326
New Properties On Market
85
15%
Increase In New Listings
Average Asking Price
$637,519
$73,592 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$248
$11 Increase In List Price/Sq. Ft.
Average Days On Market
21
19 Day
Decrease In Days On Market
Data as of May 17, 2024.
Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
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Property data was last updated on 5/16/2024 at 4:05 pm