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Bob Engel

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$ 2,000,000

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1304 W Prospect Fort Collins, CO 80526

3 Beds

1 Bath

1,582 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,582 sqft

Subdivision Maxfield

MLS Listing ID IRE1036287

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1947

Annual Tax Amount $4,138

Tax Year 2024

Lot Size 1.590 Acres

Acres 1.59

Property Sub-Type Mixed Use

Source ires

Property Description

Incredible In-Fill Development or Redevelopment Opportunity located less than a 1/2 mile from the Colorado State University campus near Prospect & Shields. This expansive 1.59 acre parcel is perched nicely on a gradually sloping lot that would offer some really great mountain views to the West (if 2 story), possibly even walk out or garden level units. Abutting a natural canal area to the West, it offers a roomy and calming natural area feel. Also abuts a school to the North of the Property, ideal for new townhomes or condos in this great near CSU location. Quick sketch concept plans shows that up to 19 townhomes could be built here on this single lot! Would be a great Townhome resale product offering, or you could build out this project and lease the units to Undergrad and Graduate students at CSU, a need that had not been met or delivered for many years! Please contact Broker for an introduction to a local architect that has additional information on the current LMN zoning, potential land uses, and development potential here. Plenty of space for 1 and even 2 car garages and very good sized dwelling units to meet the market. Other product types and offerings could potentially also be developed here as well. Existing ~1,500 sqft adobe style home currently exists on the property that was built in 1947 and has several uses that could contribute additional value; use it as additional unit(s), make it a common amenity clubhouse, or make it an outlot and keep the home that is worth ~$650K+ stand alone. Also includes 3 detached garage/shop/outbuildings (1,157 sqft total) that are 21' x 20', 20' x 10', & 28' X 17'. Builders and Developers might consider a modern Santa Fe, or Modern Adobe concept to the project to complement the existing house? Additional land parcels could possibly be added to the West (PLEASE CONTACT BROKER WHO IS WORKING ON THAT), possibly increasing the total size of this potential project too! (No guarantees of this express nor implied)

Location

State CO

County Larimer

Community Maxfield

Area Fort Collins

Zoning LMN

Rooms

Basement None

Interior

Interior Features Separate Dining Room

Heating Forced Air

Appliance Electric Range, Dishwasher, Refrigerator

Exterior

Garage Spaces 3.0

Fence Partial

Utilities Available Natural Gas Available, Electricity Available

View Y/N Yes

View Mountain(s), Hills

Roof Type Other,Flat

Improvements No

Porch Patio

Garage Yes

Building

Lot Description Paved, Curbs, Gutters, Sidewalks, Street Light

Sewer Public Sewer

Water City

Structure Type Block,Stucco,Concrete

New Construction false

Schools

Elementary Schools Bennett

Middle Schools Blevins

High Schools Poudre

School District Poudre

Others

Acceptable Financing Cash, Conventional

Horse Property Horse(s) Allowed, Barn

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)

Listed by Michael Jensen

Bob Engel

Broker/Owner | KWREA100003949

+1(303) 638-0780

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Englewood, CO

Bob Engel

1304 W Prospect Fort Collins, CO 80526

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1304 W Prospect