$5,400,000

A unique opportunity for sale on one of the most visited intersections in the City of Boulder - directly across the street from the University of Colorado. The property is at the Northeast corner of Baseline Road and 28th Street, the primary route into Boulder. Initial concept design supports 27 units (5 bedrooms each), which translates to $40k/bedroom. High visibility and traffic counts, easy access, large parking area, excellent views of the Flatirons, and directly adjacent to a pedestrian/bike path with direct access to the University. The nearly one-acre parcel is primed for a student housing redevelopment, for which a yield study and proposed concept plan has been modeled to support a 27 unit, 135 bedroom, 3 story development. The existing building is leased through 12/1/26, providing the buyer with an income stream while they go through the entitlement process. Basemar Shopping Center, Starbucks, Sprouts Market, hotels, restaurants, university housing, and retail businesses are nearby.