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    224 W 3Rd St, Unit 228 Pueblo, CO 81003

    For Sale
    $1,199,000

    Mixed-use property with commercial space and residential apartments in Pueblo.

    Lot size:
    0.06 Acres

    Property Features for 224 W 3Rd St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1900

    Source: Keller Williams Performance Realty Agent Angie Perdios

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Pueblo Mixed-Use Investment

    Located in the Downtown Historical Pueblo area, this mixed-use property features approximately 2,500 square feet of commercial space currently configured as a beauty salon and barber shop. The property also includes seven residential apartments, consisting of two 2-bedroom units on the main floor, four 1-bedroom units, and one 2-bedroom unit on the second floor. Recent renovations in 2021-2022 include new paint, doors, stainless steel appliances, laminate flooring, and bathroom tile. A new roof was installed in 2022. The property offers four off-street parking spaces. Its location provides convenient access to the Arkansas Riverwalk, various eateries, shopping options, a city parking garage, a bus station, and the Pueblo Bulls Hockey Team's ice skating rink. The property is being marketed as an investment opportunity with a 7% CAP rate.
    Location Intelligence

    Current Use by Public Records

    Rita's Beauty Center Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.6043549
    Latitude
    38.2695883

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential apartments in Pueblo.
    Where is this mixed-use property located?
    The property is located at 224 W 3Rd St, Unit 228 Pueblo, CO.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: - Prime Downtown Historical Pueblo location near the Arkansas Riverwalk, restaurants, and shopping.; - Substantial income potential with a mix of commercial (beauty salon/barber) and residential (7 apartments) units.; - Recent renovations (2021-2022) including paint, doors, stainless steel appliances, flooring, and bath tile.
    (719) 571-0005
    Request Owner's contact information
    224 W 3Rd St, Unit 228 Pueblo, CO 81003
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    Pueblo, CO 81003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    224 W 3Rd St, Unit 228 Pueblo, CO 81003
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