Listed By:
Realtec C.R.E.S., LLC;
Address
125 S Howes Street, Fort Collins, CO
Price
$ 1,895,000
Property Attributes
  • MLS#IR1066791
  • TypeSingle Family
  • Listing Status Active
  • CountyLARIMER
  • CityFort Collins
  • NeighborhoodSavings Bldg Condo
  • Zip80521
  • StyleResidential
  • Year Built1970
  • Price$ 1,895,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.93 Acres
Data Source:
REColorado (MTOMLS)
Property Description

Triple net-lease investment opportunity anchored by Key Bank, an investment-grade tenant that has occupied this first-floor retail/office condo for 30 years. This 6,200 SF condominium sits within the iconic 11-story Key Bank Tower in downtown Fort Collins, offering a stable, passive income stream with minimal landlord responsibilities.Key Bank recently extended its lease through April 2031, with two additional 5-year renewal options carrying built-in rent escalators - providing long-term income visibility well into 2041. Annual NOI of $133,100 reflects a 7% cap rate on the current asking price of $1,895,000. Ownership also includes approx. 12% stake in adjacent vacant parcel.

Elementary School High School
Dunn Elementary School Poudre High School
Price History
8/19/2026 Listed $1,895,000

General Features

Heating Forced Air
Utilities Natural Gas Available
Roof Membrane
Zoning D
HOA Fee 1
Association Fee Includes Reserve Fund
Construction Materials Brick
Year Built 1970
Levels One
Parcel Number R1035592
Assoc Fee Paid Per Monthly
County Larimer
Property Type Residential
HOA Yes
Attached Garage No
Subdivision Name Savings Bldg Condo
High School Poudre
City Fort Collins
Senior Community Y/N No
High School District Poudre R-1
Lot Size Square Feet 127500
Elementary School Dunn
Property Attached Y/N No
Middle/Junior High School Other
Standard Status Active
Elementary School District Poudre R-1
AttributionContact 9702299900
Freehold IDX

Interior Features

Basement Partial

Exterior Features

Water Source Public
Lot Size Acres 2.93

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 80521

Price
AVG $600K
$1.9M
Year Built
AVG 1953
1970
Visits
AVG 83
12
Data Provided by Inside Real Estate®