Dynamic commercial redevelopment investment opportunity for new construction of a Hotel, Motel, National-chain Restaurant, Big-box Retail Store, Office Building and or Medical Facility on Pueblo's growing north side along I-25 corridor.
Property consists of two contiguous lots for a total of 3.12 acres as follows:
Lot-1 is 0.99 acres zoned R-6 presently improved with a 30-unit converted motel/apartment complex w/additional manager's unit. It fronts with Elizabeth St/I-25 having both great visibility and quick/easy access to/from the interstate and other major highways and local roads (I-25, Eagleridge Blvd, US Hwy 50 and CO Hwy 47).
Lot-2 is 2.13 acres of vacant/unimproved land zoned B-4 (with old garage presently used for storage) located adjacent to and west of Lot-1.
Rezoning options to achieve higher and better use of lots 1 & 2 with appropriate lot-line readjustment are R-6, PUD, B-3, or B-4.
NOTE: Buyer responsible for cost of clearing/razing improvements & re-zoning as required if any.
If sold separately asking price for Lot-1 is $1,175,000 and Lot-2 is $300,000.