For Sale
$3,950,000

1100 13Th St Boulder, CO 80302

High-yield multi-tenant property on University Hill

Overview

Added:
Dec 11, 2024
Days on market:
137
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
Retail properties, Mixed-use 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

FAQs

What type of property is this?
Retail property - High-yield multi-tenant property on University Hill
Where is the retail property located?
The property is located at 1100 13Th St Boulder, CO.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1100 13Th St
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