Historic Multi-Level Retail
323 S Union Avenue Pueblo, CO 81003
323 S Union Avenue, Pueblo, CO, 81003
$724,900
For Sale
$724,900
Fully renovated, income-producing historic retail property with multi-level space and off-street parking for tenants.
Property Size2,760 SF
Price / SF$262.64
Days on Market43
Property Features for 323 S Union Avenue
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1908
Listing agency
MMGREA LLC
(303) 918-8909
Listed by
Jason Koch · License #100017489
(303) 918-8909
Source
Exitrealty
Added: Jun 9 Updated: Jul 18 at 2:02AM Checked: Jul 21 at 5:17AM
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 MMGREA LLC
Investment Insights
Based on property information with market context.
This fully renovated historic commercial property offers approximately 2,760 SF across a multi-level layout. It is listed on the National Register of Historic Places and was comprehensively renovated in 2024. The building is currently income-producing with tenants in place.
Located on the main street of the Union Avenue Historic Commercial District in downtown Pueblo, the property includes six private off-street parking spaces in historic Neon Alley. It also carries flexible HB zoning and Historic Registry status.
The building’s existing configuration and in-place tenants make it suited for buyers seeking an income-producing retail asset, with seller flexibility on terms noted in the listing remarks.
Located on the main street of the Union Avenue Historic Commercial District in downtown Pueblo, the property includes six private off-street parking spaces in historic Neon Alley. It also carries flexible HB zoning and Historic Registry status.
The building’s existing configuration and in-place tenants make it suited for buyers seeking an income-producing retail asset, with seller flexibility on terms noted in the listing remarks.
Key Highlights
- Fully renovated income‑producing historic commercial property (Year Built 1908) in downtown Pueblo
- 2,760 SF multi‑level layout with tenants in place at $4,000/month
- Located on the main street of the Union Avenue Historic Commercial District in downtown Pueblo
Local Financial Insights For Retail
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 | $38.4k | $13.92 |
| − Vacancy | −$2.1k | −$0.77 |
| EGI | $36.3k | $13.15 |
| − OpEx | −$10.9k | −$3.95 |
| NOI | $25.4k | $9.21 |
2,760 SF · lease $13.92/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$363.1K
$317.7K – $423.6K
NOI $25,414 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.1K
$503.2K – $671.0K
NOI $40,259 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Thrifty Gents Floral and Events — 1000 W 6th St suite a, Pueblo, CO 81003
FAQs
What type of property is this?
Storefront property - Fully renovated, income-producing historic retail property with multi-level space and off-street parking for tenants.
Where is this storefront property located?
The property is located at 323 S Union Avenue Pueblo, CO.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Fully renovated income‑producing historic commercial property (Year Built 1908) in downtown Pueblo; 2,760 SF multi‑level layout with tenants in place at $4,000/month; Located on the main street of the Union Avenue Historic Commercial District in downtown Pueblo
