Established Neighborhood
For Sale
$350,000
313 W Northern Ave, Pueblo, CO 81004
Sale includes the operating business, building, bar equipment, furnishings, and an enclosed rear patio.
Property Size1,500 SF
Price / SF$233.33
Days on Market167
Property Features for 313 W Northern Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Rocky Mountain Realty
Listed By:
Shawn Martinez · License #FA40004934
(719) 240-2502
Source:
Seehomesincolorado
Added: May 3
Changed: Oct 1
Last Checked: Oct 14 at 11:08PM
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 Rocky Mountain Realty
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Investment Insights
Based on property information with market context.
This established bar property includes the building, operating business, bar equipment, and furnishings. The approximately 1,500-square-foot interior features an original long bar, custom tables bearing the business logo, tile flooring, and an updated cooling system. A dedicated storage room adds functional back-of-house space.
The business has operated continuously since 1998 as Nunez Lounge and is located in the Historic Bessemer District. An enclosed rear patio provides additional space for gatherings and special events, complementing the main bar area. The offering combines an established neighborhood establishment with its existing fixtures, furnishings, and operational improvements.
The business has operated continuously since 1998 as Nunez Lounge and is located in the Historic Bessemer District. An enclosed rear patio provides additional space for gatherings and special events, complementing the main bar area. The offering combines an established neighborhood establishment with its existing fixtures, furnishings, and operational improvements.
Key Highlights
- Approximately 1,500‑square‑foot bar building
- Business has operated continuously since 1998 as Nunez Lounge
- Sale includes the building, established business, bar equipment, and furnishings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,799
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,980
$296.0K
Cap Rate 7%
$211,414
$211.4K
Cap Rate 9%
$164,433
$164.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.9K $13.92/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$19.7K $13.15/SF
− OpEx
−$4.9K −$3.29/SF
NOI
$14.8K $9.87/SF
Area
Pueblo, CO
Vacancy
5.50%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,980
Cap Rate 7%
$211,414
Cap Rate 9%
$164,433
Alternative Uses
Best Use
Specialty Retail
$211.4K
$185.0K – $246.7K
NOI $14,799 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.6K
$273.5K – $364.7K
NOI $21,880 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Cosmopolitan Club — 311 Baystate Ave, Pueblo, CO 81004
- Chug-A-Mug — 1501 e evans ave, pueblo, co 81004
- El Nopal Restaurant — 1435 E Evans Ave, Pueblo, CO 81004
- Capritta's Oasis — 1501 E Evans Ave, Pueblo, CO 81004
- The New Oasis — 1501 E Evans Ave, Pueblo, CO 81004
Frequently Asked Questions
What type of property is this?
Bar & Pub - Sale includes the operating business, building, bar equipment, furnishings, and an enclosed rear patio.
Where is this bar & pub located?
The property is located at 313 W Northern Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,500‑square‑foot bar building; Business has operated continuously since 1998 as Nunez Lounge; Sale includes the building, established business, bar equipment, and furnishings
