For Sale
$1,750,000

24 Research Dr Pueblo, CO 81007

Two buildings, high cap rate, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents two industrial buildings totaling 16,700 square feet situated on a 2-acre fully fenced and secured lot in Pueblo, Colorado. The property consists of four units, with one building located at 24 N. Research Drive and the other at 36 N. Research Drive, both sharing the 81007 zip code. The asking price is $1,750,000, representing a compelling $104 per square foot and a 5.08% cap rate. Each unit is priced at $487,500. The property is zoned Commercial, I-2. Built in 1971 and renovated in 1985, 24 N. Research Drive currently houses a long-term tenant under a NNN lease with an extension option. This provides immediate cash flow for the buyer. The building at 36 N. Research Drive offers flexibility

Highlights

  • Two industrial buildings totaling 16,700 square feet on a 2-acre fenced lot in Pueblo, CO (81007).
  • Asking price: $1,750,000 ($104/SF, 5.08% cap rate).
  • Four units, each priced at $487,500; Commercial I-2 zoning.
  • 24 N. Research Drive: NNN leased to long-term tenant with extension option. Recently renovated.
  • 36 N. Research Drive: Flexible use; lease or owner-occupy.

Property Details for 24 Research Dr

Property type
Warehouses, Industrial properties
Square Feet
16,700 SF
Year Built/Renovated
1971/1985
Lot Size (sq. ft)
87,120 SF
Units
4

Location Insight

City
Pueblo
County
Pueblo
State
Colorado
Latitude
38.334622
Longitude
-104.7344692

FAQs

What type of property is this?
Warehouse - Two buildings, high cap rate, owner-user opportunity.
Where is the warehouse located?
The property is located at 24 Research Dr Pueblo, CO.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two industrial buildings totaling 16,700 square feet on a 2-acre fenced lot in Pueblo, CO (81007).; Asking price: $1,750,000 ($104/SF, 5.08% cap rate).; Four units, each priced at $487,500; Commercial I-2 zoning.
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24 Research Dr
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