Historic Mixed-Use
114 Colorado Ave 116 Pueblo, CO 81004
114 Colorado Ave 116, Pueblo, CO, 81004
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For Sale
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Historic mixed-use building with an adaptable layout and a private parking lot behind the structure.
Property Size2,816 SF
Price / SF$202.41
Days on Market111
Property Features for 114 Colorado Ave 116
General Information
- Standard status
- Active
- Size
- 2,816 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1928
Listing agency
Curtis Ryan Properties
Listed by
Curtis Propeties · License #100086597
Source
Crexi
Added: Apr 3 Updated: Jul 21 at 12:32AM Checked: Jul 21 at 9:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Curtis Ryan Properties
Investment Insights
Based on property information with market context.
This historic mixed-use building offers a flexible interior layout intended to support a range of uses. The public remarks note that the configuration can accommodate retail, office, or apartment conversion, making it a strong fit for investors and owner-users looking for adaptability.
The property is located at 114 Colorado Ave 116 in Pueblo, CO 81004. The public remarks also highlight a private parking lot behind the building, providing added convenience that can be valuable for tenants and visitors. If you’re seeking a character-forward property with the ability to be reworked for multiple use types, this offering is worth a closer look.
The property is located at 114 Colorado Ave 116 in Pueblo, CO 81004. The public remarks also highlight a private parking lot behind the building, providing added convenience that can be valuable for tenants and visitors. If you’re seeking a character-forward property with the ability to be reworked for multiple use types, this offering is worth a closer look.
Key Highlights
- Historic mixed‑use building built in 1928
- Adaptable layout designed to accommodate multiple use types, including retail, office, or apartment conversion
- Private parking lot located behind the building
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.6k | $16.20 |
| − Vacancy | −$1.8k | −$0.65 |
| EGI | $43.8k | $15.55 |
| − OpEx | −$16.4k | −$5.83 |
| NOI | $27.4k | $9.72 |
2,816 SF · lease $16.20/SF/yr · vacancy 4.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 4.80%
Second Best
Retail
$370.4K
$324.1K – $432.2K
NOI $25,930 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$586.8K
$513.5K – $684.6K
NOI $41,076 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MMK Estates
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use building with an adaptable layout and a private parking lot behind the structure.
Where is this mixed-use property located?
The property is located at 114 Colorado Ave 116 Pueblo, CO.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Historic mixed‑use building built in 1928; Adaptable layout designed to accommodate multiple use types, including retail, office, or apartment conversion; Private parking lot located behind the building
