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Home » Real Estate » CO » Fort Collins » 80525 » 1606 S Lemay Ave, #101, Fort Collins, CO, 80525
$360,000

1606 S Lemay Ave, #101, Fort Collins, CO, 80525

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.
Offered By
Michelle Hickey Crawford 9704821781, RE/MAX Alliance-FTC Dwtn

Property Details

Property Type Commercial Sale
Status Closed
Property Sub Type Sale: Commercial/Industrial
MLS # 783570

Market Trends

New Properties On Market
85
15% Increase In New Listings
Average Asking Price
$625,978
$62,051 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$247
$10 Increase In List Price/Sq. Ft.
Average Days On Market
21
19 Day Decrease In Days On Market
Data as of May 19, 2024. Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 5/18/2024 at 2:52 pm