This property presents a unique opportunity at the heart of the Waterglen community in North East Fort Collins. Set on the edge of the neighborhood, this existing clubhouse and pool offer a foundation for a variety of uses - whether continued as recreation amenities, reimagined as multi-family dwellings, daycare, small-scale commercial space, a value add multifamily development, or a community party center. Waterglen sits just a few miles east of the vibrant downtown, offering convenient access to city amenities while retaining a peaceful residential feel. Waterglen enjoys easy connectivity with nearby transit and local highways, making it accessible for employees, clients, or residents. The broader Fort Collins community is celebrated for its active lifestyle: a network of parks, miles of trails, access to the scenic outdoors, and proximity to the foothills of the Rockies offer lifestyle appeal for all ages. This property is especially compelling for those looking to create value through mixed use - from apartments or a daycare to professional offices, a community-oriented business, or cover the pool and rent year round for water recreation. All options fill a void in the current market. The existing infrastructure provides flexibility and immediate potential, while the neighborhood ambiance supports long-term appeal. Take advantage of Waterglen's community feel and Fort Collins' lifestyle draw when considering this rare offering. Empty space to the North of the property is included in sale. Lot to the south of the property is not part of the sale. Water meter valued at $105K and could be apportioned across individual units in a future redevelopment scenario per appraisal.
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Interior Features for 800 Waterglen Dr
Other Interior Features
LivingAreaSourceAssessor
BasementNone
General for 800 Waterglen Dr
AccessibilityRamp Access, Level Lot
AttributionContact9704608460
Cap Rate-1.2
CityFort Collins
Construction MaterialsFrame
CoolingCentral Air
CountyLarimer
Elementary SchoolOther
ExclusionsN/A
Expected Active Date 2025-12-09
Gross Income
HOANo
HeatingForced Air
High SchoolOther
High School DistrictOTHER
Lease Amount FrequencyNot Leased
MLS AreaFort Collins
Middle/Junior High SchoolOther
Net Operating Income-5402
New ConstructionNo
Operating Expense5402
Parcel NumberR1608086
Possible UseMulti-Family, Business, Commercial, Additional Units, Industrial
Property SubtypeMulti Family
Property TypeResidential Income
RoofComposition
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameWaterglen PUD Rep 1
Tax Annual Amount5402
Tenant PaysNone
UtilitiesNatural Gas Available, Electricity Available
ViewPlains View
Year Built2004
ZoningRecreation
Exterior for 800 Waterglen Dr
FencingFenced, Vinyl
Irrigation Water Rights Y/NNo
Lot FeaturesAbuts Private Open Space, Paved, Curbs, Gutters, Sidewalks, Street Light
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