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 Listing 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)
Offered By
Michael Jensen 9702228136, Fort Collins Real Estate, LLC
Utility FeaturesNatural Gas Available, Electricity Available
SEWERCity Sewer
WATER SOURCECity Water, City of FTC
Year Built1947
BasementNone
FINISHED BASEMENT SIZE0.0
ARCHITECTURAL STYLERanch
RoofOther, Flat
EXTERIOR FEATURESLighting
FencePartial
Lot FeaturesCurbs, Gutters, Sidewalks
Garage spaces3
ViewMountain(s), Foothills View
CITYFort Collins
SUBDIVISIONMaxfield
COUNTYLarimer
AREAFort Collins
STATECO
SENIOR COMMUNITYNo
TAX AMOUNT4138.0
LATEST UPDATE2025-06-10T18:26:51.408Z
DAYS ON MARKET2
PRICE CHANGE(S)
$2,000,000 Jun 9, 2025
CUMULATIVE DAYS ON MARKET2
Market Trends
New Properties On Market
66
43%
Increase In New Listings
Average Asking Price
$572,075
$24,633 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$281
$30 Increase In List Price/Sq. Ft.
Average Days On Market
7
20 Day
Decrease In Days On Market
Data as of Jul 01, 2025.
Remaining statistics above are calculated on activity within the period from May 01, 2025 to Jun 30, 2025.
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