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150 Central Main St Pueblo, CO 81003

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Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 15,760 square foot commercial land parcel in Pueblo, Colorado, presents a unique investment opportunity. Located at 150 Central Main St, 81003, this property boasts a prime position overlooking the Pueblo Riverwalk and adjacent to the Pueblo Convention Center. The site's proximity to the convention center, which is actively seeking additional hotel rooms to accommodate larger conferences, creates significant potential for a thriving hotel development. This location is ideal for a hotel with 100+ rooms, capitalizing on the growing tourism and convention business in Pueblo. The area offers convenient access to restaurants, bars, and a nearby public parking structure. Pueblo's vibrant downtown area hosts numerous events throughout the year, including the Chile and Frijoles Festival, The Pueblo Classic race, and a Hot Rod Car show, further enhancing the property's appeal. The Historic Arkansas Riverwalk of Pueblo, a 32-acre urban waterfront experience, is a major draw for visitors. Furthermore, potential incentives for redevelopment may be available through the Pueblo Urban Authority. This is a rare chance to build a distinctive hotel in a rapidly developing city. The property is commercially zoned. Asking price is $1,625,000. Broker co-op is available.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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