2995 Baseline, Boulder, CO 80303

Building Details

Year Built

1974

Listing agent MICHAEL-RYAN MCCARTY License #FA.040029628

Listing office Gibbons-White, Inc. m***@gibbonswhite.com Show Phone

Listing date Apr 11, 2023

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Gibbons-White, Inc.

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Overview

This is a three-story mid-century medical and professional office building. It is a prime candidate for residential multifamily or student housing conversion. The property is ideal for an owner-user medical or professional office with short-term leases. The area market proforma rents are $21.00 per square foot NNN, resulting in a proforma NOI of $536,634. The existing building supports up to 18 dwelling units and 66 bedrooms, with a buildable site able to support up to 26 total dwelling units with parking reduction. The property is located across from Williams Village at CU Boulder and three blocks from the main campus, at the intersection of Baseline Road, 30th Street, and Canyon Creek Road, all with direct access to the property. It is also close to US 36 and on a bus route. Parking includes 84 spaces (3.23/1,000 square feet), including a two-story post-stressed parking structure with 29 covered spaces. Recent capital improvements include elevator renewal, a refurbished parking structure, new boilers, HVAC upgrades, landscaping, and common area and suite improvements.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

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Location Insight

• Map
• Local Demand

City

Boulder

County

Boulder

State

Colorado

Longitude

-105.253

Latitude

40.0005

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FAQs

What type of property is this?

Medical Office Space - Three-story office building suitable for multifamily conversion or owner-user.

Where is this medical office space located?

The property is located at 2995 Baseline Boulder, CO.

What is the asking price?

The asking price for this property is $9,900,000.

What are key features of this property?

This property features: Prime location across from Williams Village at CU Boulder and 3 blocks from the main campus; High potential for conversion to residential multifamily or student housing; Substantial parking with 84 spaces, including a 2‑story parking structure with 29 covered spaces