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$1,895,000

125 S Howes Street, Fort Collins, CO 80521  (Sold on )

  • Price Reduced
  • Open House
  • New Listing
  • Coming Soon
  • 0 BedBeds
  • BathBaths
  • 6,200 SqftSqft
  • TypeSingle Family
  • Active
  • MLS# IR1066791
0 More Schedule

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.

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Property Details

General

  • Subdivision: Savings Bldg Condo
  • County: Larimer
  • List Date: 08/19/2026
  • DOM: 43
  • Lot SqFt: 127500
  • Year Built: 1970
  • New construction: NO
  • Sq Ft (total): 6200
  • MLS#: IR1066791

Interior Features

  • Heating: Forced Air

Exterior Features

  • Construction: Brick
  • Roof: Membrane
  • Waterfront: NO

Schools

  • School District: Poudre R-1
  • Elementry: Dunn
  • Middle/Jr: Other
  • High School: Poudre

Financial Considerations

  • Tax Year: 2025

Utilities

  • Utilities: Natural Gas Available
 

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