Additional details

Steve Prewitt - CHIC

steve@customhomesincolorado.com +1(719) 439-0241

$5,400,000

Est. payment - /mo

0.95 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Active

Purchase Type For Sale

Subdivision Tr, 194-198 - Commercial

MLS Listing ID IR1055701

HOA Y/N No

Year Built 1980

Annual Tax Amount $54,158

Tax Year 2025

Lot Size 0.948 Acres

Acres 0.95

Property Sub-Type Improved Land

Source recolorado

Property Description

A unique opportunity for sale on one of the most visited intersections in the City of Boulder - directly across the street from the University of Colorado. The property is at the Northeast corner of Baseline Road and 28th Street, the primary route into Boulder. Initial concept design supports 27 units (5 bedrooms each), which translates to $40k/bedroom. High visibility and traffic counts, easy access, large parking area, excellent views of the Flatirons, and directly adjacent to a pedestrian/bike path with direct access to the University. The nearly one-acre parcel is primed for a student housing redevelopment, for which a yield study and proposed concept plan has been modeled to support a 27 unit, 135 bedroom, 3 story development. The existing building is leased through 12/1/26, providing the buyer with an income stream while they go through the entitlement process. Basemar Shopping Center, Starbucks, Sprouts Market, hotels, restaurants, university housing, and retail businesses are nearby.

Location

State CO

County Boulder

Zoning BT-1

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

View Mountain(s)

Roof Type Composition

Building

Lot Description Corner Lot, Flood Zone

Water Public

Structure Type Stucco

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

School District Other

Others

Ownership Individual

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by The Colorado Group

Nearby School & Business

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Steve Prewitt - CHIC

+1(719) 439-0241

Broker | Owner | Real Estate Advisor

2865 Baseline RD Boulder, CO 80303

Steve Prewitt - CHIC

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information

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