Residential · Active
Fort Collins, CO 80521
$1,895,000
Residential
Property Type
2.93 acres
Lot Size
1970
Year Built
$1
HOA Fee
IR1066791
MLS #
About This Property
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.
69 days on market
Listed by Erik Broman · Realtec C.R.E.S., LLC · 9702299900
Property Details
| Property Type | Residential |
| Status | Active |
| Subdivision | Savings Bldg Condo |
| MLS # | IR1066791 |
| Days on Market | 69 |
| Year Built | 1970 |
| Lot Size (Sq Ft) | 127,500 |
| Acres | 2.93 |
| HOA | Yes |
| HOA Fee | $1 |
| Annual Taxes | $0 |
| State | CO |
| County | Larimer |
| Zoning | D |
| Heating | Forced Air |
| Roof | Membrane |
| Basement | Partial |
| Levels | One |
| Construction | Brick |
| Water Source | Public |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 8/19/2026 |
Listed for sale Source: REcolorado® #IR1066791 |
$1,895,000 |
Based on information submitted to the MLS GRID as of October 27, 2026 at 12:41 AM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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