4103 N Elizabeth St - Hospitality FOR SALE


Pueblo, CO 81008
$3,200,000 USD
303-514-7076
4103 N Elizabeth St, Pueblo, CO for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/17
null | 13.97% Cap Rate

4103 N Elizabeth St
Pueblo, CO 81008


HIGHLIGHTS

  • Infill location with high traffic counts
  • Walking distance to restaurants
  • stabilized neighborhood
  • 20 units with kitchenettes
  • outdoor pool
  • Priced at under $30,000 per key

OVERVIEW

Economy 108 unit two story exterior corridor motel with infill location fronting heavily traveled I 25. This is a desirable hotel submarket in Pueblo.There are no proposed additions to supply near the interchange. The motel does not require major PIP to continue operation. This hotel has generated historical revenues as high as $2.1 million, but out of State ownership has been the victim of management theft, which has adversely affected operations. This motel has upside potential to increase RevPar throughcompetent management, consistent with historical operations

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$102 USD /SF

# OF ROOMS

108

PRICE/ROOM

$29,630 {currency}

CAP RATE

13.97%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Pueblo, CO - I-25

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1981

PARKING SPACES

118

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

B4:COMM/RE

APN/PARCEL ID

0-5-13-0-02-005

ASK ABOUT THIS PROPERTY

Alex KovacsMadison Commercial PropertiesMore Info
303-514-7076

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Alex KovacsMadison Commercial PropertiesMore Info
303-514-7076

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