115 E 8th St - Hospitality FOR SALE


Pueblo, CO 81003
$2,300,000 USD
719-598-3000
115 E 8th St, Pueblo, CO for Sale
$2,300,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

115 E 8th St
Pueblo, CO 81003


OVERVIEW

Bramble Tree Motel is a two-story, 69-room motel located in downtown Pueblo, CO, two blocks north of southbound I-25, Exit 99A and five blocks south of northbound I-24, Exit 99B. The property includes two apartments with full kitchens, registration lobby, manager’s office, registration area/guest lounge and housekeeping laundry room. The property currently operates as an independent, economy class motel with 42-single rooms (double bed), 22-double rooms (2 double beds), 1-one bedroom unit with kitchenette, 1-two bedroom apartment, 1-one bedroom apartment. Guestroom amenities include a bathroom/shower, minifridge, microwave, phone, color TVs (Comcast cable), wall-mounted gas heat, and electric A/C units. The property contains 41 parking spaces. The property is zoned Central Business District (B-4) and currently operates as a hotel. The property use could be changed to senior, transitional or workforce housing. Any property conversion to multi-family apartments, extended stay, and/or mixed use would require review by the City of Pueblo Planning Department and Pueblo Regional Building Department. The property is located in an opportunity zone.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$70 USD /SF

# OF ROOMS

69

PRICE/ROOM

$33,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bramble Tree Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

B4

APN/PARCEL ID

0-4-30-3-15-008

ASK ABOUT THIS PROPERTY

Ed BaurOlive Real Estate GroupMore Info
719-598-3000

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Ed BaurOlive Real Estate GroupMore Info
719-598-3000

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