4005 N Elizabeth St - Hospitality FOR SALE


Pueblo, CO 81008
$3,100,000 USD
720-990-9349
4005 N Elizabeth St, Pueblo, CO for Sale
$3,100,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

4005 N Elizabeth St
Pueblo, CO 81008


HIGHLIGHTS

  • Bank-Owned | Receivership Sale | Value-Add Opportunity
  • Large Full-Service Layout with Amenities
  • Prime I-25 & Highway 50 Location with Excellent Visibility
  • Significant Upside Through Renovation and Rebranding
  • Restaurant, Bar, Meeting Space, Indoor Pool & Fitness Area Included
  • Zoned B-4 Allowing Flexible Commercial and Lodging Uses

OVERVIEW

1 of 2 hotels in portfolio on the same lot. 115-room Budget Inn (former Clarion Hotel) located just off I-25 and US Highway 50 in Pueblo’s primary retail and lodging corridor. The property is bank-owned and being sold through receivership, presenting a rare opportunity to acquire a well-located hotel asset at a basis significantly below replacement cost. The hotel is currently non-operational and ready for repositioning. The property consists of approximately 74,880 square feet and is situated on a portion of a 5.39-acre site with ample parking and strong access from North Elizabeth Street. The building includes a large lobby, restaurant and lounge space, meeting rooms, indoor pool and jacuzzi, fitness area, and guest laundry. These existing amenities provide a strong foundation for reopening as a limited-service or select-service hotel.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$41 USD /SF

# OF ROOMS

115

PRICE/ROOM

$26,957 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BANK-OWNED HOTEL | VALUE-ADD OPPORTUNITY

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1973

PARKING SPACES

143

LAND DETAILS

LAND ACRES

5.39 AC

LAND SF

234,788 SF

ZONING

B4:COMM/RE

APN/PARCEL ID

0-5-13-0-62-001

ASK ABOUT THIS PROPERTY

Nikan AzarColorado Hospitality Services, Inc.More Info
720-990-9349

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Nikan AzarColorado Hospitality Services, Inc.More Info
720-990-9349

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