Boulder, CO Retail Property For Sale

Dean Callan & Company is pleased to present this incredibly rare opportunity to acquire an iconic 3 building retail portfolio on the East Pearl section of Downtown Boulder! This Property boasts three stable tenants, way above average market parking, a Class A+ location, and future mixed-use redevelopment potential. Located 4 blocks from the Pearl Street Mall, and 9 blocks from the main thoroughfare of Boulder (28th Street), this lot is ideally situated to take advantage of the high traffic East End corridor and reciprocate with the many high-end amenities in the area. The restaurant space has a large outdoor seating area that it is currently not included in the tenant’s total space rate. The lease rates are under market with opportunity to add value to the Property in many ways. Contact the Listing Broker for an NDA to review details

- DO NOT DISTURB TENANTS - SHOWINGS & ACCESS TO THE BUILDING MUST BE SCHEDULED WITH LISTING BROKER

- Rare Opportunity to Own a Historic, Well-Located Downtown Boulder Retail & Office Building - Best Corner & Block in Downtown Boulder

- Current NOI - $1,003,646

- Building Consists of a Studio Level with a Mix of Retail & Office Tenants; 1st Floor is Retail Tenants & 2nd, 3rd, 4th & 5th Floors Are Office Tenants

- Phenomenal Mountain Views

- Located in CAGID - Offering Tenants & Their Employees Free Access to the Eco-Pass Program

- Boulder Named a Top Tech Town by CompTIA - Attracting Everything From Startups to Tech Giants Like Google, Apple, Amazon, Microsoft & Many More

- Ranked #1 Happiest City in America by National Geographic - Offering Its Residents Great Access to the Outdoors, a Sense of Community & a Quality of Life Hard to Find Elsewhere

- Average Pedestrian Traffic Count at Broadway & Pearl was Approx. 510,405 Visitors per Month From May - September 2019 (Motionloft)

- See Listing Broker For More Information. Additional Information Will Be Provided to Qualified Buyers Only

OFFERING TERMS

Sale Price: $2.4 million

Cap Rate: 5.42% *Projected Building Size: 7,950 SF

Zoning: BR-2

Price per square foot: $301.89

When we come across spaces with big potential upside, we get excited. Where to begin? How about the deeded off-street parking space? Or perhaps the location. This large and bright retail space is situated between Arapahoe and Canyon on 15th Street: right in the heart of Boulder’s coveted Design District. While we’re on a roll we might as well mention it’s on a bus line and is two blocks from the Central Bus Depot. If you’re hoping to secure this space, we suggest acting fast. Retail opportunities like this don’t come around too often in Boulder.

• Located in Design District

• Large retail space

• One deeded off-street parking spot

• Short walk to Pearl Street Mall

• Great natural light

• Workspace/office in back

• Bike path & walking path nearby

• On bus line

When a building is home to an art gallery, you can pretty much bet your life savings that it’ll feel open and inviting. And this place? Even better. Every lovely, well-lit square foot goes miles past “welcoming” to practically pull people in with borderline ridiculous curb appeal and a flowing interior dripping with Boulder charm. Whether you’re in it for office space or retail, this spot’s a success story just waiting to happen.

• Unique standalone retail/office building

• Exceptional downtown Boulder location

• Open floor-plan with lower-level storage

• Hardwood floors and soaring ceilings

• Three off-street parking spaces