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2995 Baseline Rd

Boulder, CO 80303
  • $9,900,000
  • STATUS: Active
  • ON SITE: 330 Days
  • MLS #: 984892
UPDATED: 54 min ago
$9,900,000
  • 0
    BEDS
  • 1.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1974
County:

School Ratings & Info

Description

3-Story Mid-Century Medical & Professional Office Building. Prime Candidate for Residential Multifamily or Student Housing Conversion. Ideal for Owner-User Medical or Professional Office with Short-Term Leases. Area Market Proforma Rents $21.00 / Sq. Ft. NNN for Proforma NOI $536,634. Existing Building Support for Up to 18 Dwelling Units & 66 Bedrooms with Buildable Site Able to Support Up to 26 Total Dwelling Units with Parking Reduction. Across from Williams Village at CU Boulder, 3 Blocks to Main Campus. At the Intersection of Baseline Rd, 30th St & Canyon Creek Rd, All with Direct Access to the Property, Close to US 36 & on Bus Route. Parking: 84 Spaces (3.23/1,000 Sq Ft) including 2-Story Post-Stressed Parking Structure with 29 Covered Spaces. Recent Capital Improvements including Elevator Renewal, Refurbished Parking Structure, New Boilers, HVAC Upgrades, Landscaping, CommonArea & Suite Improvements & More.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2024-03-02T21:42:35.087.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.discovercoloradohomes.net/homes/138342438
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2995 Baseline Rd Boulder, CO 80303

  • Price: $9,900,000
  • Status: Active
  • On Site: 330 Days
  • Updated: 54 min ago
  • MLS #: 984892
0
Beds
0
Baths
0
½ Baths
1.06
Acres
1974
Built
Neighborhood:
Twiggs
County:
Boulder
Area:
01 Boulder City Limits
Property Description
3-Story Mid-Century Medical & Professional Office Building. Prime Candidate for Residential Multifamily or Student Housing Conversion. Ideal for Owner-User Medical or Professional Office with Short-Term Leases. Area Market Proforma Rents $21.00 / Sq. Ft. NNN for Proforma NOI $536,634. Existing Building Support for Up to 18 Dwelling Units & 66 Bedrooms with Buildable Site Able to Support Up to 26 Total Dwelling Units with Parking Reduction. Across from Williams Village at CU Boulder, 3 Blocks to Main Campus. At the Intersection of Baseline Rd, 30th St & Canyon Creek Rd, All with Direct Access to the Property, Close to US 36 & on Bus Route. Parking: 84 Spaces (3.23/1,000 Sq Ft) including 2-Story Post-Stressed Parking Structure with 29 Covered Spaces. Recent Capital Improvements including Elevator Renewal, Refurbished Parking Structure, New Boilers, HVAC Upgrades, Landscaping, CommonArea & Suite Improvements & More.
Exterior Features

Construction Materials Brick/Brick Veneer Horse YN No Lot Features Corner Lot Parking Per Building Sq Ft 1:300 Roof Composition View Foothills View Waterfront YN No

Interior Features

Building Area Total 25554 Cooling Refrigeration/HVAC Cooling YN Yes Heating Hot Water Heating YN Yes Living Area Source Assessor

Property Features

Association YN No Business Type Incorporated AreaProfessional/OfficeOther Commerical Cap Rate 5.5 Ditches Active YN No Gross Income 856059 Has Improvements No Has Water Rights No Income Includes Lease/RentsCommon Area Fees Listing Sub Status None Locale Boulder Net Operating Income 544647 New Construction YN No Operating Expense 311412 Possible Use Multi-FamilyCommercialCommercial or IndustrialAdditional Units Property Condition Not NewPreviously Owned Property Sub Type Sale: Commercial/Industrial Sale Includes Building(s)Land Senior Community YN No Sewer City Sewer Special Listing Conditions Partnership Tax Annual Amount 148333 Tax Year 2022 Tenant Pays All Operating Costs (used alone) Water Source City WaterCity Zoning BT-1

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Michael-Ryan Mccarty of Gibbons-White, Inc.: 3034421040.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2024-03-02T21:42:35.087.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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