1606 S Lemay Ave 101, Fort Collins, CO 80525 (Sold on 11/7/2016)

  • 0 BedBeds
  • 0 Baths
  • 0 Full BathFull Baths
  • 0 Half BathHalf Baths
  • 3/4 Baths
  • Sqft
  • Commercial
  • Sold
  • MLS# 783570
  • mls board disclosure RE/MAX Alliance-FTC Dwtn
0 More Scheduled


  • Price Reduced

Property Description1606 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.

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Property Details1606 S Lemay Ave 101, Fort Collins, CO 80525

Listing courtesy of: RE/MAX Alliance-FTC Dwtn

General Features

Year Built  1984
Lot Size  0.0400
Subdivision  Covalt Park Central Condominimums

Room Information


Interior Features

Heating  Forced Air
Cooling Description  Refrigeration/HVAC

Exterior / Lot Features

ZONING  Commercial


School District  Poudre
Elementary  Beattie
Middle  Boltz
High  Ft Collins

Financial Considerations

Tax Amount  $788500
Tax Year  7885


Financing My Home



Monthly insurance : $0.00
Monthly taxes : $0.00
Monthly payment : $0.00
Total monthly payment : $0.00

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mls board disclosure

IDX information is provided exclusively for consumers’ personal, non‐commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.