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    2520 Broadway Boulder, CO 80304

    Sponsored
    For Sale
    $4,960,000

    Prime Boulder location, redevelopment opportunity. High rental potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 31,848 square foot mixed-use development site, located at 2520 Broadway in Boulder, Colorado, presents a compelling redevelopment opportunity. Zoned BC-2, this key corner lot offers significant potential for a variety of uses. The asking price is $4,960,000, translating to $155.74 per square foot. The property includes 21 parking spaces. A current lease is in place, structured as a NNN lease, commencing May 1, 2024, and expiring April 30, 2027, providing immediate rental income while redevelopment plans are pursued. Annual rent bumps are included in the lease agreement. Detailed surveys and area overlay plans are available upon request. This property is situated in a dynamic area of Boulder where higher density projects are currently being explored, making it an ideal investment for those seeking a high-return, mixed-use development project in a thriving Colorado city. The property's location at the intersection of Broadway and North St. offers excellent visibility and accessibility.

    Property Features for 2520 Broadway

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $4,960,000 asking price for 31,848 sq ft mixed‑use land in Boulder, CO.
    • BC‑2 zoning permits redevelopment.
    • $155.74/sq ft land value.
    • 21 parking spaces.
    • NNN lease commencing 05/01/2024, expiring 04/30/2027, with annual rent bumps.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder
    County
    Boulder
    State
    Colorado
    Longitude
    -105.28195345379
    Latitude
    40.024233922451

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Boulder location, redevelopment opportunity. High rental potential.
    Where is this mixed-use property located?
    The property is located at 2520 Broadway Boulder, CO.
    What is the asking price?
    The asking price for this property is $4,960,000.
    What are key features of this property?
    This property features: $4,960,000 asking price for 31,848 sq ft mixed-use land in Boulder, CO.; BC-2 zoning permits redevelopment.; $155.74/sq ft land value.
    Request Owner's contact information
    2520 Broadway Boulder, CO 80304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2520 Broadway Boulder, CO 80304
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