For Sale
$495,000

3445 Penrose PlBoulder, CO 80301

Two units, 1128 sq ft, prime location

Overview

Added:
Dec 11, 2024
Days on market:
119
This Boulder, Colorado office property offers two adjacent, updated units totaling 1,128 square feet, ideal for owner-occupancy or investment. Priced at $495,000 ($438.83/sq ft), the property features Suite 225 (445 sq ft), currently leased month-to-month, and Suite 230 (683 sq ft) with a conference room and kitchenette. The units boast ample natural light and a dedicated parking spot in a large lot. The property's Net Operating Income (NOI) is $8,000, with a 50% occupancy rate. This presents a unique opportunity to occupy both units for a larger office space, utilize one while leasing the other, or lease both as separate, highly desirable office condos. Located at 3445 Penrose Pl, Boulder, CO 80301, this traditional office space offers easy access to the Front Range. The gross lease structure simplifies management. The property is not subject to a ground lease.

Highlights

  • Two adjacent, updated Boulder office suites totaling 1,128 square feet, priced at $495,000 ($438.83/sq ft).
  • Suite 225 (445 sq ft) is leased month-to-month; Suite 230 (683 sq ft) includes a conference room and kitchenette.
  • Features ample natural light and one dedicated parking space.
  • Offers a $8,000 annual Net Operating Income (NOI) with 50% occupancy.
  • Located at 3445 Penrose Pl, Boulder, CO 80301, with easy Front Range access and a gross lease structure.

Property Details for 3445 Penrose Pl

Property type
Office properties
Square Feet
1,128 SF
Units
2

Location Insight

City
Boulder
County
Boulder
State
Colorado
Latitude
40.0376576
Longitude
-105.2480349
3445 Penrose Pl, Boulder, Colorado

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3445 Penrose Pl
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