2400 Spruce St Boulder, CO 80302-4617

Property Details for 2400 Spruce St

Year built

2003

Construction

TYPE NOT SPECIFIED

Lot size

1.88 lot acres

Property size

11,500 SF

Zone code

2120

Property type

Commercial real estate

APN

1463-30-4-77-001

APU

146330477001

Description

This exceptional two-story, 11,500 square foot office building is situated in the heart of Boulder, Colorado, at 2400 Spruce Street. The property boasts a prime location just a block from Pearl Street, offering convenient access to the 28th Street corridor and 29th Street Mall. Currently housing six fully occupied suites, this multi-tenant building presents a compelling owner-user opportunity with flexibility for potential occupancy. The building features modern architecture with warm interiors, highlighted by high ceilings and abundant natural light from large windows. Shared amenities include upgraded restrooms, a shower, an elevator, and a significant advantage of 23 assigned underground parking spaces. The property also includes a pleasant outdoor courtyard, enhancing the overall appeal and creating a park-like setting. Offered at $6,000,000, this investment opportunity presents a 5.00% cap rate and a price per square foot of $521.74. The building is part of a small condominium association, ensuring efficient management and shared responsibility. This is a rare chance to acquire a well-maintained, centrally located office building in a highly desirable Boulder location.

Location Insight

City

Boulder

County

Boulder

State

Colorado

Longitude

-105.264

Latitude

40.0217

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments