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Johnny's Motel 2801 Lake Ave 15 Room Hotel Pueblo, CO 81004 $413,280 CAD ($27,552 CAD/Room)
Investment Highlights
- Lease-up opportunity
- Located in Opportunity and Enterprise Zone
- $850 average rent per unit
- Value-add and operational upside
- Potential Cap Rate of 14-15%
Executive Summary
2801 LAKE AVENUE presents a compelling value-add investment opportunity consisting of 15 studio-style units in a well-located Pueblo corridor. The property is currently vacant, offering a unique opportunity for an investor to lease-up from day one and establish new rental rates.
The asset is configured as studio-style units with flexible use potential, including continued residential use or repositioning as a traditional motel (subject to zoning compliance).
The vacant status allows for operational control and implementation of a tailored leasing strategy without legacy tenant constraints.
Lease-Up Opportunity: Vacant asset allows for immediate repositioning and ability to set market rents
Ideal for investors seeking value-add and operational upside
Potential Projected Rents: $750-$950/month (average $850/unit)
Strong accessibility to I-25 and Pueblo Blvd commercial corridor
Located in an Opportunity Zone and Enterprise Zone providing federal tax incentives
The asset is configured as studio-style units with flexible use potential, including continued residential use or repositioning as a traditional motel (subject to zoning compliance).
The vacant status allows for operational control and implementation of a tailored leasing strategy without legacy tenant constraints.
Lease-Up Opportunity: Vacant asset allows for immediate repositioning and ability to set market rents
Ideal for investors seeking value-add and operational upside
Potential Projected Rents: $750-$950/month (average $850/unit)
Strong accessibility to I-25 and Pueblo Blvd commercial corridor
Located in an Opportunity Zone and Enterprise Zone providing federal tax incentives
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 15 | $114.34 CAD | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-5-14-4-16-118 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $57,893 CAD |
Property Taxes
Parcel Number
1-5-14-4-16-118
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$57,893 CAD
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Johnny's Motel | 2801 Lake Ave
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