Fort Collins, CO 80526,1119 Drake Rd
Fort Collins, CO 80526,1119 Drake Rd
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$4,250,000

$4,500,000

5.6%
Est.Price: ?

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Est. payment /mo

26,340 SqFt


SOLD DATE : 07/13/2021

Key Details

Sold Price $4,250,000

Property Type Commercial

Sub Type Sale: Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 26,340 sqft

Subdivision Cimarron Plaza

MLS Listing ID 936749

Sold Date 07/13/21

HOA Y/N false

Abv Grd Liv Area 26,340

Originating Board IRES MLS

Year Built 1987

Annual Tax Amount $88,808

Lot Size 2.260 Acres

Acres 2.26

Property Description

RE/MAX Commercial Alliance is pleased to present the opportunity to purchase this well tenanted and diverse retail offering. The buildings at 1113 & 1119 W Drake Road are situated within Cimarron Plaza Shopping Center located at Drake Road and Shields Avenue, which provide main arterial access for Fort Collins and to I-25. This site is within walking distance to Colorado State University and nestled within a strong housing demographic and dense employment. A stable tenant mix and central location within Fort Collins rounds out this desirable investment property. Ideal for the risk adverse investor as this center historically has extremely low vacancy. 1113 & 1119 W Drake can be purchased together for $6,850,000 at a 6.6% cap rate. 1119 W Drake can be sold separately for $4,500,000 at a 6.75% cap rate. 1113 cannot be sold separately. Please contact the listing broker for more information.

Location

State CO

County Larimer

Area Fort Collins

Zoning C

Direction At the SWC of Drake and Shields

Interior

Heating Forced Air

Cooling Refrigeration/HVAC

Exterior

Roof Type Rubber

Building

Water City Water, City Fort Collins

Structure Type Block

New Construction false

Others

Senior Community false

Tax ID R1226258

SqFt Source Other

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by RE/MAX Comm. Alliance-FTC Dwtn • 9702157016
Bought with CO-OP Non-IRES

GET MORE INFORMATION

Nicole And Alysia Clements

Realtor | Lic# 3002201

+1(970) 430-9451

9800 Pyramid Ct Ste 400, Englewood, CO

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