Investment Opportunity In Opportunity Zone at $23/SF

401-411 N Main Street Pueblo, CO 81003

401-411 N Main Street, Pueblo, CO, 81003
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,895,000
Last Verified:
Jan 01, 2024

Highlights

  • Largest Block Of Office Space In Downtown Pueblo
  • Benefit From OPPORTUNITY ZONE Development
  • Historical Theater Tax Credits Available
  • 96,782 SF Of Above Grade Square Footage With Large Bandwidth Capabilities
  • Adjacent to the Century Link Switch Station

Description

The Colorado Building has over 96,782 SF of office/retail and includes a Historical Theater built in 1924. The Colorado Building is in the National Historic Register and will qualify for State and Federal Historical funds and tax credits. The Colorado Building has many possibilities for and investor from office/retail, apartments, data center in addition to educational. Main level is well suited for numerous, retail opportunity with upper floors and theater for other uses. This property is located on the 4th of Main in Downtown Pueblo.

This Property offers an investor in a 1031 Exchange the ability to "check the box" for OPPORTUNITY ZONE protections by acquiring this Property at less than land value and adding an investment into existing improvements allows the Property to qualify for the OZ while allowing a buyer flexibility in timing for a longer term future redevelopment.

Located on 4th and Main


Year Built: 1925
Building Size: 96782sq ft
Building Class: C
Lot Size: 26796.0 acres


Documents

401-411 Main St_Sale Brochure.pdf

Map of 401-411 N Main Street, Pueblo, CO, 81003

Presented by:
Unique Properties, Inc

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Tim Finholm


Sam Leger


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.