1100 13Th StBoulder, CO 80302

For Sale
$3,950,000

High-yield multi-tenant property on University Hill

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional mixed-use property, located at 1100 13th St in Boulder, Colorado, presents a compelling investment opportunity. The 7,588-8,840 square foot building boasts a prime corner location on University Hill, just steps from the University of Colorado. Built in 1927 and situated within the BMS (Business Main Street) zoning district, this two-story structure offers a unique blend of retail and residential space. Currently operating at 100% occupancy with six tenants, including five retail spaces and one three-bedroom apartment, the property generates a substantial net operating income (NOI) of $171,119, resulting in a 4.25% cap rate. The diverse tenant mix includes established businesses such as The Corner, Brazil on the Hill, the Barber Joint, Tribal Rites, and Pizza 3.14, providing a stable income stream. This well-maintained asset, owned by the same family since the 1940s, presents a rare chance to acquire a proven performer with significant upside potential. The gross lease structure simplifies management, while the value-add investment potential allows for future redevelopment or repositioning. This is a truly unique opportunity to own a piece of Boulder's vibrant history and thriving University Hill community. The asking price is $3,950,000.

Highlights

  • Exceptional mixed-use investment opportunity in Boulder, CO.
  • 7,588-8,840 square foot building on a prime University Hill corner lot.
  • 100% occupied with six tenants (five retail, one 3-bedroom apartment), generating $171,119 NOI and a 4.25% cap rate.
  • Strong tenant mix including established businesses, offering stable income and upside potential.
  • Asking price: $3,950,000.

Property Details for 1100 13Th St

Property type
Other retail properties, Individual retail properties
Square Feet
7,588 SF
Year Built
1927
Stories
2

Location Insight

City
Boulder
County
Boulder
State
Colorado
Latitude
40.0072975
Longitude
-105.2761111
1100 13Th St, Boulder, Colorado

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1100 13Th St
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