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Boulder, CO 80303 2995 Baseline Rd

Pending
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Presented By: Gibbons-White, Inc.; 3034421040
  • MLS# 984892
  • 04/06/2023
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    Home Details

    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.
    Presented By: Gibbons-White, Inc.; 3034421040

    Interior Features for 2995 Baseline Rd

    Other Interior Features

    LivingAreaSourceAssessor
    Air Conditioning Y/NYes
    Fireplace Y/NNo
    Heating Y/NYes

    General for 2995 Baseline Rd

    Attached Garage No
    Business TypeIncorporated Area, Professional/Office
    Cap Rate5.5
    CityBoulder
    Construction MaterialsBrick/Brick Veneer
    CountyBoulder
    Garage Y/NNo
    Gross Income856059
    HOANo
    HeatingHot Water
    Land Lease Y/NNo
    Living Area UnitsSquare Feet
    Lot Size Square Feet46174
    Lot Size UnitsSquare Feet
    MLS AreaBoulder
    Net Operating Income544647
    New ConstructionNo
    Operating Expense311412
    Possible UseMulti-Family, Commercial, Commercial or Industrial, Additional Units
    Property Attached Y/NNo
    Property ConditionNot New, Previously Owned
    Property SubtypeSale: Commercial/Industrial
    Property TypeCommercial Sale
    RoofComposition
    Senior Community Y/NNo
    SewerCity Sewer
    Standard StatusPending
    StatusPending
    Subdivision NameTwiggs
    Tax Annual Amount148333
    Tax Year2022
    Tenant PaysAll Operating Costs (used alone)
    ViewFoothills View
    Year Built1974
    ZoningBT-1

    Exterior for 2995 Baseline Rd

    Building Area Total25554
    Horse Y/NNo
    Lot FeaturesCorner Lot
    Lot Size Acres1.06
    Lot Size Area46174
    SpaNo
    Water SourceCity Water, City
    Waterfront Y/NNo

    Additional Details

    Price History

    Nathan Washam

    Broker/Owner
    Price $9,900,000
    MLS#984892
    List Date 04/06/2023
    Property Type Pending
    Phone 970.988.8295
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    Request Info
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