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$ 5,400,000
Est. payment | /mo
0.95 Acres Lot
$ 5,400,000
Est. payment | /mo
0.95 Acres Lot
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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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by The Colorado Group
NEARBY SCHOOL & BUSINESS
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Jen Langhals
Broker Associate | IA.100097765