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29345114
29345115

1355 Riverside Ave, Fort Collins, CO 80524 For Sale

LS
CO 100104549
Doberstein Lemburg Commercial, Inc.
JS
CO FA 100106682
Listed by Doberstein Lemburg Commercial, Inc.
$1,898,125
180 days on market
Updated 78 days ago

1355 Riverside Avenue - Investor Opportunity

Details
Property Type Office
Sub Type Medical Office
Square Footage 12,400
Units 3
Cap Rate 8.00%
NOI $153,510
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Expiration 12/31/2029
Remaining Term 3.5
Rent Bumps Yes
Price per SqFt $153
Class B
Year Built 1984
Buildings 1
Acreage 0.450
Zoning E
Investment Type Stabilized
Occupancy Date 10/01/2026

Medical Office Investment | 8.09% CAP | 12,400 SqFt

Marketing description

Rare medical office investment or owner-user opportunity in Fort Collins, located just blocks from Poudre Valley Hospital. This ±12,400 SF medical/office building is comprised of three individual condominium units, each with basement office and storage, offering flexible acquisition and exit strategies.

Two units are currently leased to strong medical/office tenants, providing immediate investment income. The third unit is medical-ready and scheduled to become vacant in October 2026, creating future owner-user occupancy or lease-up upside. Units may be purchased individually or together, appealing to both investors and medical owner-users.

The soon-to-be vacant unit includes approximately ±2,125 SF on the main level plus ±2,125 SF of basement storage, currently set up as an endovascular surgery center with lead walls in operation room; ideal for medical, dental, or professional office use. This asset offers a rare combination of cash flow, future vacancy upside, and condo-level flexibility in one of Fort Collins’ most desirable medical corridors.

Investment highlights

  • ±12,400 SF medical/office building comprised of three individual condo units
  • Prime Fort Collins medical location, blocks from Poudre Valley Hospital
  • Medical office zoning and medical-ready buildouts
  • Two units occupied with strong tenants providing immediate cash flow
  • One unit scheduled to become vacant October 2026 (owner-user or lease-up upside)
  • Approximately ±2,125 SF main level plus ±2,125 SF basement storage in vacant unit
  • Basement office/storage included with each condo unit
  • Units may be purchased individually or together
  • Ideal for medical, dental, or professional office users
  • Flexible investment and exit strategies

Listing Contacts

LS
CO 100104549
Doberstein Lemburg Commercial, Inc.
JS
CO FA 100106682
Listed by Doberstein Lemburg Commercial, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,510.00
$12,792.50/mo

Valuation Metrics

0
DSCR
8.09%
Cap Rate
8.09%
ROI

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Additional Information

Name
Leah Szantho
License
100104549
Brokerage Phone
970-213-9295
Name
John Splinter
License
FA 100106682
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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