3329 Elizabeth StPueblo, CO 81008

For Sale
$460,000

2.19-acre fenced industrial lot, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
91
Exceptional investment opportunity in Pueblo, Colorado, presents a 2.19-acre fully fenced industrial land parcel ideally situated off I-25 at the intersection of State Highway 50. This property, located just one block south of Kmart and easily accessible from North Elizabeth Street, boasts a compelling financial profile. Currently leased, generating $36,000 in annual rental revenue and an estimated net operating income (NOI) of $32,200, representing a 7% capitalization rate. The asking price is $460,000, translating to $4.82 per square foot. The lease expires on October 31, 2023, offering immediate income potential and future development possibilities. This prime location provides excellent visibility and convenient access to major transportation arteries, making it an attractive proposition for investors seeking strong returns and long-term growth potential in a thriving industrial market. The property's annual rent bumps ensure consistent income growth. This is a rare opportunity to acquire a high-performing industrial land asset in a strategic location. Don't miss out on this exceptional investment opportunity.

Highlights

  • 7% Cap Rate Investment Opportunity
  • $36,000 Annual Net Rental Income
  • $32,200 Estimated Net Operating Income (NOI)
  • Lease Expires October 2023
  • 2.19-Acre Fully Fenced Lot

Property Details for 3329 Elizabeth St

Property type
Other land, Other industrial properties
Lot Size (sq. ft)
95,396 SF

Location Insight

City
Pueblo
County
Pueblo
State
Colorado
Latitude
38.3043845
Longitude
-104.6168663
3329 Elizabeth St, Pueblo, Colorado

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3329 Elizabeth St
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