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$ 11,500,000
Est. payment /mo
Active Under Contract
1031-1059 14th ST Boulder, CO 80302
0.43 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision University Place
MLS Listing ID IR1056735
HOA Y/N No
Year Built 1909
Lot Size 0.428 Acres
Acres 0.43
Property Description
Ideally located only 275 feet from the main entrance on "The Hill" to the University of Colorado at Boulder, this four-property portfolio is a generational opportunity to acquire a prime asset in one of the most in-demand and supply constrained student-housing markets in the U.S. The University of Colorado at Boulder experienced a record-breaking 68,000 applications for the Fall of 2024, up 20% from the previous year, and has seen a steady increase in applications and enrollment since 2012, while increasing its retention rate to a record 90%. 1031, 1033, 1045 and 1059 14th Street (the "14th Street Properties") are strategically positioned in the heart of The Hill, steps from Starbucks and the numerous student-focused shops, restaurants and bars that make The Hill the center of student life and the most sought after spot for housing. With the best location on the Hill and off-street parking, the 14th Street Properties are in high demand each year by students and experience zero vacancy, with leases secured annually for the following school year by the end of October. Currently leased to a fraternity chapter for the '25/'26 and '26/'27 school years, with a guarantee from the national organization, the tenant has a strong interest in renewing on a longterm basis. Alternatively, the flexibility is in place for an owner/occupier organization, or an investor looking to pursue a different model such as apartment units.
Location
State CO
County Boulder
Zoning RH-5
Rooms
Basement Full
Interior
Heating Forced Air
Appliance Dishwasher, Dryer, Oven, Refrigerator, Washer
Exterior
Utilities Available Electricity Available, Natural Gas Available
Waterfront Description Public
Roof Type Composition
Private Pool No
Building
Story Tri-Level
Water Public
Schools
School District Elementary: Boulder Valley Re 2, High: Boulder Valley Re 2
Others
Tax ID R0002549
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byJohn Hunter
NEARBY SCHOOLS & PROPERTIES