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Value Add Vacant Former Dollar General 1245 Spruce St 8,487 SF Vacant Retail Building Online Auction Sale Pueblo, CO 81004
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Investment Highlights
- Fully vacant, single-tenant building formerly occupied by Dollar General offering immediate repositioning potential in a supply-constrained market.
- Unique and flexible acquisition opportunity ideal for owner/users or developers seeking long-term upside in an urban infill location.
- Positioned in a high-demand market with annual consumer spending exceeding $1.8 billion in annual consumer spending and a favorable tax environment.
- Prime location in a thriving commercial hub that presents a lucrative opportunity to establish or expand their presence in a growing market.
- Highly visible positioning at a signalized intersection with exposure to over 19,000 vehicles daily, in proximity to numerous demand drivers.
- Absolute Auction| Starting bid $1
Executive Summary
Discover this fully vacant single-tenant retail space for sale at 1245 Spruce Street, featuring a flexible layout in the heart of the Pueblo Central Business District. Formerly occupied by Dollar General, this highly visible 8,741-square-foot retail building is situated on a 0.6-acre corner lot providing ample rear parking for customers and employees. An efficient, adaptable interior layout and versatile zoning make the property suitable for a wide range of uses, including retail, warehouse, showroom, and various other development opportunities. Making it an ideal acquisition for investors, owner/users, or developers seeking versatile commercial real estate in Pueblo, Colorado.
1245 Spruce Street is strategically located within a dense, active consumer base of over 150,000 people who generate more than $1.8 billion in consumer spending, with average household income exceeding $83,300 and consistent upward growth. Situated at a signalized intersection, the property benefits from exceptional exposure to over 19,000 vehicles daily with frontage on Spruce Street and Northern Avenue. Multiple curb cuts enhanced the accessibility, providing seamless ingress and egress at the location. Easy access to Interstate 25, Northern Avenue, and bus lines increases local and regional connectivity, positioning the property for strong retail performance and long-term value.
Proximity to major demand drivers, including Pueblo Community College and St. Mary-Corwin Hospital, both 1 mile away, Colorado State University Pueblo, approximately 7 miles away, and key regional attractions such as Southwest Motors Event Center, Colorado State Fairgrounds, and Bessemer Park within a short distance, supports sustained foot traffic and retail demand. Prime positioning near numerous established retail centers, restaurants, and daily-needs amenities capture strong consumer flow and aligns with ongoing revitalization efforts in the Union Avenue Historic District and Arkansas Riverwalk, which continue to drive tourism, small-business growth, and economic expansion.
Pueblo, Colorado, is nationally recognized for its low cost of doing business, favorable tax environment, and available incentives for companies expanding or relocating, further enhancing the long-term investment appeal of this retail building for sale in Pueblo, Colorado, and reinforcing its potential in a growing Southern Colorado market.
1245 Spruce Street is strategically located within a dense, active consumer base of over 150,000 people who generate more than $1.8 billion in consumer spending, with average household income exceeding $83,300 and consistent upward growth. Situated at a signalized intersection, the property benefits from exceptional exposure to over 19,000 vehicles daily with frontage on Spruce Street and Northern Avenue. Multiple curb cuts enhanced the accessibility, providing seamless ingress and egress at the location. Easy access to Interstate 25, Northern Avenue, and bus lines increases local and regional connectivity, positioning the property for strong retail performance and long-term value.
Proximity to major demand drivers, including Pueblo Community College and St. Mary-Corwin Hospital, both 1 mile away, Colorado State University Pueblo, approximately 7 miles away, and key regional attractions such as Southwest Motors Event Center, Colorado State Fairgrounds, and Bessemer Park within a short distance, supports sustained foot traffic and retail demand. Prime positioning near numerous established retail centers, restaurants, and daily-needs amenities capture strong consumer flow and aligns with ongoing revitalization efforts in the Union Avenue Historic District and Arkansas Riverwalk, which continue to drive tourism, small-business growth, and economic expansion.
Pueblo, Colorado, is nationally recognized for its low cost of doing business, favorable tax environment, and available incentives for companies expanding or relocating, further enhancing the long-term investment appeal of this retail building for sale in Pueblo, Colorado, and reinforcing its potential in a growing Southern Colorado market.
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- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
8,487 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.60 AC
Parcel Numbers
Zoning
R4
Parking
36 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
12,944
65,001
111,174
2020 Population
12,717
65,283
111,426
2030 Population
12,968
64,804
110,888
2025-2030 Projected Population Growth
0.2%
-0.3%
-0.3%
Daytime Employees
6,082
36,068
53,616
Total Businesses
705
3,932
5,914
Average Household Income
$62,167
$70,052
$75,310
Median Household Income
$47,157
$53,683
$57,450
Total Consumer Spending
$134.7M
$696.5M
$1.3B
Median Age
39.7
40.5
40.6
2025 Households
5,531
26,695
45,521
Percent College Degree or Above
10%
11%
13%
Average Home Value
$234,920
$275,714
$303,537
Nearby Major Retailers
Sale Advisors
Sale Advisors
Robert Anderson, Vice President
Robert Anderson serves as Vice President of Auction Services for Matthews Real Estate Investment Services™ and brings almost 20 years of experience in the commercial real estate space. The experience that Robert brings to Matthews™ is unlike any brokerage firm and aids to accelerate the specialization and disposition of property sales through auction. Leading the auction services line, Robert will collaborate with Matthews™ agents and clients to identify auction opportunities within our active inventory and client roster. He works as an intermediary between clients and auction platforms. Regarded as one of the industry’s top Auction experts, Robert has been actively involved with over $5 billion in total asset value, including the record-setting sale of Beltway Business Park for $205 million in November of 2021. Robert’s unrelenting work ethic and intuition help him make the most informed decisions that provide the greatest long-term financial success and profitability for clients.
Prior to joining Matthews™, Robert was a Vice President of Transaction Services where he grew revenue from $3 million in 2020 to $20 million and tripled the auction asset count. Robert also worked for Ten-X as a member of the team selling over $30 billion of commercial and residential properties and notes (performing and non-performing). From 2014-2018, Robert generated an averaged $1.5 million in revenue per year.
Prior to joining Matthews™, Robert was a Vice President of Transaction Services where he grew revenue from $3 million in 2020 to $20 million and tripled the auction asset count. Robert also worked for Ten-X as a member of the team selling over $30 billion of commercial and residential properties and notes (performing and non-performing). From 2014-2018, Robert generated an averaged $1.5 million in revenue per year.
Michael Neils, Associate
Mike Neils is an Associate with Matthews Real Estate Investment Services™, specializing in the acquisition and disposition of single-tenant net lease properties, with a focus on QSR retail in the Rocky Mountain Region. Leveraging his extensive knowledge and exceptional communication skills, he forges connections with elite private clients, developers, private equity firms, and REITs. His steadfast commitment to providing unparalleled service shines through in every client interaction.
Prior to joining Matthews™, Mike worked in marketing for a boutique brokerage which inspired him to pursue brokerage as a career for himself.
Prior to joining Matthews™, Mike worked in marketing for a boutique brokerage which inspired him to pursue brokerage as a career for himself.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr EC.100067651
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Value Add Vacant Former Dollar General | 1245 Spruce St
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Value Add Vacant Former Dollar General | 1245 Spruce St
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