2000 Laporte Ave Fort Collins CO 80521

Description

Opportunity to purchase +/- 3.74 acres, with county zoning of CC (Commercial Corridor) & RR2 (Rural Residential). The Growth Management Area (GMA) zoning for the City of Fort Collins shows a proposed Low Density Mixed Use (LMN) zoning. The seller would consider rezoning proposals for specific uses utilizing Neighborhood Commercial (NC), Medium Density Mixed Use Neighborhood (MMN), or similar zoning.

The property is located on Laporte Ave. with direct access to Old Town Fort Collins via Laporte Ave. The project is 2 mi W of US Hwy 287/Old Town Fort Collins & is a short drive to CSU.

The project offers the following attributes: * Rare infill opportunity with commercial & residential potential providing a great opportunity to deliver walkable to City Park & Poudre High School * Bike-able or a short drive at 2 miles +/- from Old Town Fort Collins & CSU * Excellent views of foothills including the Aggie A & Horsetooth Rock. * +/- 450 ft of street frontage on N. Taft Hill Rd, & substantial visibility from both N. Taft Hill Rd & Laporte Ave. * Strong new home price in 3-mile radius price over last 12 months with average single family of $788,447 ($329/SF), new condominium price of $478,689 ($369/SF), & resale townhome values of $642,618 ($404/SF). * LMN Zoning allows for up to 9 Dwelling Units (Du) Per Gross Acre or 12 Du Per Gross Acre for Affordable Housing * City of Fort Collins water district has development friendly raw water policy & pricing that keeps attractive Cash-In-Lieu water policy with pricing stable pricing currently at $68,200 per acre-foot * Highly attractive Cash-In-Lieu building program allows for 100% Cash-In-Lieu raw water dedication * Laporte Ave. roadway improvements will improve walkable access to Poudre High School & provide easy direct bicycle & pedestrian access to Downtown Fort Collins via Laporte Ave. Laporte Bridge Improvements include two bridges that are currently in process.