313 W Drake Rd - Medical FOR SALE


Fort Collins, CO 80526
$2,750,000 USD
303-842-1869
313 W Drake Rd, Fort Collins, CO for Sale
$2,750,000 USD
Medical - FOR SALE
1/60
null | Request Cap Rate

313 W Drake Rd
Fort Collins, CO 80526


HIGHLIGHTS

  • Full Medical Buildout
  • Multi-tenant building
  • Ample on-site parking

OVERVIEW

12,209 SF medical office building available for sale in the heart of Fort Collins’ established midtown corridor, offered well below replacement cost. An opportunity to acquire a fully renovated, elevator-served medical building for a fraction of what new construction would cost today. The property is prominently located at the signalized corner of West Drake Road and Redwing Road, providing strong visibility, convenient access, and ample on-site parking across approximately 1.01 acres. The building is currently approximately 70% leased, creating an immediate owner-user opportunity for a purchaser to occupy roughly 3,700 SF while receiving in-place income from the existing tenancy. Alternatively, an investor can lease the remaining vacancy, capitalize on the existing medical-office layout and parking ratio, and stabilize the asset as a multi-tenant medical office investment. Renovated in 2014, the two-story building includes elevator access, approximately 6.5 parking spaces per 1,000 SF, and flexible medical-office configurations suitable for dental, healthcare, behavioral health, veterinary, professional office, or related users. Its central Fort Collins location offers direct Drake Road exposure and convenient proximity to Colorado State University, Old Town, and surrounding retail and service amenities.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

E

APN/PARCEL ID

97261-28-001

ASK ABOUT THIS PROPERTY

Jack RohrResolute IncMore Info
303-842-1869

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Jack RohrResolute IncMore Info
303-842-1869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.