Fort Collins, Colorado

18-Unit Townhome Development

PD Approved for 18 Units. Included Plan Set or Buyer's Own Product.

Starting at $1,200,000

What You're Buying

A PD-approved 18-unit townhome opportunity with land, approvals, plans, and engineering included. Use the current plan package for speed, or submit your own site plan and building designs.

The Land

11+ acres in Larimer County, adjacent to 422 Loma Linda Dr, Fort Collins, CO 80524. Zoned PD — Planned Development. Boxelder Creek flows through the property.

Approved Entitlements

Planned Land Division approved and recorded. Rezoned from MR/UR-2/UR-3 to PD. File No. 23-LAND4348.

Complete Plan Sets

Full architectural plans (A2–A18), structural, MEP switching plans. Three buildings: two 8-plexes and one duplex.

Civil Engineering

Civil plan set with drainage report, grading, utility layout. Completed April 2025.

Utility Design

Water (ELCO), sewer (Boxelder Sanitation), electric (PVREA), and telecom connections all designed and defined. All-electric units — no gas.

Development Agreement

Executed agreement with Larimer County covering all conditions, fees, and requirements. Runs with the land.

Builder Flexibility

Included plans are an accelerator, not a constraint.

The PD framework is approved for 18 units. A buyer may move forward with the included plan set, or submit its own site plan and building designs for review if its standard product is a better fit.

11+ Acres on Boxelder Creek

This isn't a tight infill lot. The parcel is over 11 acres of land with Boxelder Creek flowing through the property — 10+ acres of private open space for future tenants and homeowners, well beyond the building footprint.

10+ Acres of Private Land

Open space, mature trees, and natural amenities beyond the building footprint.

Boxelder Creek

Natural waterway running through the property — a rare amenity for townhome living.

Future Potential

Residual land beyond the current 18-unit development may support additional lots in the future. This potential is not included in the current asking price or entitlements — it represents upside for the right buyer to explore independently.

Satellite aerial of Boxelder Townhomes 11-acre parcel with red boundary outline showing Boxelder Creek

Aerial — 11.36 acres, parcel boundary shown in red Enlarge

Property Photos

Drone View — Looking South Across the Parcel

Boxelder Creek — Stone Bridge and Canopy

Residual Land Entry

Open Meadow — Native Vegetation

Creek Corridor — Lush Meadow

Trail Through the Property

Looking North from Southern Boundary

Looking Northeast from SW Boundary

Looking Southeast from NW

Looking South from Northern Boundary

East Mulberry Street — Facing West

East Mulberry Street — Facing East

Entitlement Status

Where this project stands today.

Approved

Planned Land Division

Recorded

Final Plat / Mylar

Complete

Rezoning to PD

Submitted

Site Plan

Development Specifications

Total Units18 townhome dwellings

Buildings2 × 8-plex + 1 duplex

Unit Types3-level: garage/storage, main living, upper bedrooms

ZoningPD — Planned Development

SetbacksFront 15', Side 5', Rear 8', Hwy 14: 24'

Max Height40 feet

Fire ProtectionNFPA sprinklers required in all units

FoundationsEngineered system required (site-specific soils)

RadonPassive mitigation required per county

WaterEast Larimer County Water District (ELCO)

SewerBoxelder Sanitation District

Total Acreage11+ acres (one legal parcel)

Product PathUse included plans or submit buyer-specific designs

The Numbers

Lot costs, utility fees, and construction estimates — all in one place.

Finished Lot Cost Per Townhome

$105,824

Land + civil + all utility connections — everything before vertical construction

Land, entitlements & plans$66,667

$1,200,000 asking price ÷ 18 units.

Civil / horizontal infrastructure$13,360

Engineer's public-improvements estimate (June 2024) of $120,240, doubled to cover the on-site private drive, internal water / sewer / storm mains, and the detention pond.

Water — ELCO$16,614

Raw water dedication (cash-in-lieu)$13,702

Plant Investment Fee (PIF)$2,192

Meter set (¾")$520

Tap$200

Cash-in-lieu: 0.1547 acre-feet required per unit ÷ 0.70 CBT credit factor = 0.221 CBT units × $62,000 per CBT unit = $13,702.

East Larimer County Water District schedule, effective Jan 1, 2026 (multi-family, per unit).

Sewer — Boxelder Sanitation$7,333

Plant Investment Fee, effective Jan 1, 2026, charged by bedroom count (2-bed $6,000, 3-bed $9,000), blended across the 18-unit mix.

Electric — PVREA$1,850

Poudre Valley REA connection, meter, and line extension. Final figure set by a PVREA work order.

Total Per Unit$105,824

Based on current published district and county fee schedules (ELCO, Boxelder Sanitation, PVREA), effective 2026. Raw water dedication is the buyer's responsibility — no water rights convey with the property. Final ELCO and Boxelder fee letters issue at platting and permit.

Estimated Construction Cost (18 Units)

$3.7M – $5.6M

$207K – $311K per unit

Hard Bids on File

Six trades with contractor bids: foundation & flatwork, framing labor, lumber & sheathing, trusses, roofing (TPO), and electrical.

Allowances (Not Yet Bid)

Plumbing, HVAC, interior finishes, landscaping, insurance, and permits. Estimated at mid-to-low finish level.

Range reflects ±20% variance. Detailed line-item pricing model available on request.

Walk Through the Pricing Model

How to read these numbers:

The $105,824 finished lot cost covers land, civil and horizontal infrastructure, and all water, sewer, and electric connection fees — everything to get a construction-ready, serviced lot. The $3.7M–$5.6M construction estimate is vertical construction only: buildings, finishes, and an 8% contingency. Soft costs (design, legal, financing) are already done and included in the purchase price.