4001 Elizabeth StPueblo, CO 81008

Property Details for 4001 Elizabeth St

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.39 AC

Property size (Sq ft)

74,880 SF

Zone code

B-4

Property type

Hotels

APN

513062001

APU

513062001

Description

This exceptional 115-room Clarion Inn & Events Center in Pueblo, Colorado presents a compelling investment opportunity. Offered at $5,900,000, this fee-simple property boasts a substantial 50,000 square feet on a 5.39-acre lot, with ample parking for 200 vehicles. Built in 1973 and extensively renovated in 2023, the hotel features a two-story design and is zoned B4. The property enjoys a prime location near the intersection of I-25 and US Highway 50, providing excellent visibility and accessibility. Amenities include an indoor pool, hot tub, fitness center, kitchen, meeting space, breakfast area, and a lounge with a bar. The hotel's strong financial performance is reflected in its impressive 9.43% cap rate and $556,488 NOI. Recent capital expenditures exceeding two million dollars have enhanced the property's value and appeal. Its proximity to downtown Pueblo, the Riverwalk, Colorado State Fairgrounds, and Colorado Springs offers significant potential for revenue growth. This well-maintained hotel presents a rare chance to acquire a profitable hospitality asset with significant upside potential in a thriving market. The property's location less than five miles north of downtown Pueblo, the Riverwalk, and the Colorado State Fairgrounds, coupled with its proximity to Colorado Springs and its airport (40 miles south), ensures strong occupancy rates and revenue generation. The property's APN is 0-5-13-0-62-001.

• CAP approach

  CAP return

  Valuation

  6%

  $13,647,900

  6.5%

  $12,598,100

  7%

  $11,698,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,258,600

  Geo Method

  $5,258,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $34,321,200

  Retail / Commercial

  $17,484,900

  Mixed-Use / Specialty

  $17,332,000

  Office

  $17,134,800

  Institutional / Educational

  $17,986,000

  Residential Income

  $21,043,600

  Multifamily

  $25,740,400

  Automotive / Energy

  $15,416,500

  Parking / Income-Based Land

  $5,409,500

  Restaurant / Food Service

  $8,821,310

  Healthcare / Senior Housing

  $17,866,500

Location Insight

City

Pueblo

County

Pueblo

State

Colorado

Latitude

38.3097

Longitude

-104.617

CBSA code

39380

CBSA name

PUEBLO, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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