720-807-6901
, Boulder, CO for Sale
Multi-Family - FOR SALE
1/21
null | Request Cap Rate

The College
Boulder, CO
Baseline Sub


HIGHLIGHTS

  • Rare Assemblage four ownership groups, in partnership with Marcus & Millichap’s Multi-Housing Division, present a unified 2.62-acre (114,082-SF) site.
  • Prime Connectivity: Direct pedestrian access linking CU Boulder’s Main and East Campuses, less than 0.2 miles from major academic and campus.
  • CMP Alignment: Fully consistent with CU’s 2021 Campus Master Plan vision for East Campus housing and mixed-use expansion.
  • Limited Supply: Rare assemblage of privately owned parcels in CU’s East Campus growth zone amid a near-zero development pipeline.
  • Existing Income Stream: Current operations generate stable income that offsets holding costs during entitlement and design phases.
  • Flexible Development Path: Accommodates mid-rise apartments to purpose-built student residences addressing upper-level and graduate housing demand.

OVERVIEW

Marcus & Millichap has been retained as the exclusive investment advisor for The College, a 2.62-acre (114,082-square-foot) assemblage encompassing 91 units and 107 beds across four contiguous parcels at 2905–2985 E. College Avenue. This unified offering delivers one of Boulder’s few privately controlled redevelopment sites adjacent to Colorado University (CU) Boulder’s campus. Located within CU’s designated East Campus growth zone, the property directly aligns with the 2021 Campus Master Plan, which envisions East Campus evolving into a mixed-use academic district with expanded housing, dining, and student-life amenities. The plan calls for 4,000–6,000 additional beds, primarily for upper-level and graduate students — reinforcing long-term demand for purpose-built housing in this location. College Avenue is rapidly emerging as the main pedestrian and micro-mobility corridor linking Main and East Campus. Recent city and CU improvements — dual bike lanes, enhanced walkways, and new underpasses at 28th and 30th Streets — provide direct connectivity. The site also benefits from immediate access to Pearl Street, the 29th Street Mall, and multiple CU transit routes. Local planning officials highlight this stretch of College Avenue as one of the very few remaining private parcels capable of supporting CU’s next phase of growth. Early control of this land positions a developer to align with the university’s long-term expansion trajectory. Zoned RH-5, the site allows up to five stories with realistic potential for additional height and density based on ongoing city and university discussions. The College offers an irreplaceable land position in Boulder’s student-housing core — a rare opportunity to deliver scale in a tightly constrained market directly adjacent to one of the nation’s top public universities.

ASK ABOUT THIS PROPERTY

Matt BerkMarcus & MillichapMore Info
720-807-6901

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Matt BerkMarcus & MillichapMore Info
720-807-6901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.