REDUCED MINIMUM BID: $799,000 - Bid deadline is December 19, 2013 at 5pm MST.This auction is for a +/- 27.92-acre, irregularly shaped vacant land parcel located at the south end of Dillon Drive at 2600 North Freeway, Pueblo, Colorado. The property is situated in central Pueblo just south of the Pueblo Mall, east of Interstate 25 and north of Highway 60. The Colorado Department of Transportation is scheduling to begin its expansion of Interstate 25 to include improvements extending Dillon Drive to US Highway 50 to increase regional mobility and safety.The property is currently zoned I-3 (Heavy Industrial) and was originally developed with a multi-structure brick manufacturing plant. The site has reportedly been cleared of all structures, is flat and has paved access. In 2007, the Seller submitted a plan to the city for Fountain Creek Town Center, which involved the sale of individual parcels for the development of medical office and medical support facilities, a mix of retail shopping and restaurants, and a hotel. All such business uses were considered vital to the Pueblo economic landscape and a "good fit" for the neighborhood. A PUD zone change was also in the works, which would allow commercial/retail development/use. Pueblo is a Home Rule Municipality that is the county seat and the most populous city of Pueblo County, Colorado. Pueblo is one of the largest steel-producing cities in the United States; because of this Pueblo is referred to as the "Steel City." Pueblo is situated at the confluence of the Arkansas River and Fountain Creek 112 miles south of the Colorado State Capitol in Denver, and 43 miles south of Colorado Springs. Pueblo is the heart of the Pueblo Metropolitan Statistical Area and an important part of the Front Range Urban Corridor. For more property information, auction details and to register to bid, visit www.FRE.com/156D5.
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