Historic Mixed-Use
For Sale
$599,900
323 S Union Ave, Pueblo, CO 81003
Commercial Sale, Pueblo, CO
Property Size2,760 SF
Lot Size0.07 Acres
Price / SF$217.36
Days on Market112
Property Features for 323 S Union Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HB
Subdivision
Union Historical
Lot features
Interior Lot, Business Park, Shopping Center, Office Center, Historic Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0536409014
Size
2,760 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
office, short-term rental
Property Use
Office
Taxes and HOA fees
Tax Year
2024
Tax Description
NE 9 IN LOT 28 ALL 27 EXC 8 FT BY 90 FT OFF NE SIDE BLK 48 SOUTH PUEBLO
Tax Annual Amount
7446
Legal Description
NE 9 IN LOT 28 ALL 27 EXC 8 FT BY 90 FT OFF NE SIDE BLK 48 SOUTH PUEBLO
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Radiant, Electric (Heating)
Cooling system
Evaporative Cooling, Ceiling Fan(s)
Water source
Public
Amenities
original built-in bookcases and ladder
stunning banister
private parking
Building Details
Year built
1908
Floors in Building
2
Roof type
Flat, Tar/Gravel
Listing Agency:
Keller Williams Advantage
(303) 986-4300
Listed By:
The Top Shelf Team
(719) 289-6494
Added: Jul 12
Changed: Oct 31
Last Checked: Oct 31 at 12:06PM
MLS# 234391
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1908, this 2,760-square-foot mixed-use property includes 8 rooms, 5 restrooms, and a shower. The building is currently configured for office space and short-term rentals, with original built-in bookcases, a ladder, and a crafted banister retained as distinctive interior features. Recent exterior work includes front façade painting and restoration. Private parking with new parking lines serves the property.
Located at 323 S Union Ave in Pueblo’s historic district, the property sits on a 0.0662-acre lot near the Historic Riverwalk and Neon Alley. Public water and sewer service are in place. Heating includes natural gas, electric, radiant, and baseboard systems, while cooling is provided by evaporative cooling and ceiling fans. The roof is flat with tar and gravel construction, and the property is zoned HB.
Located at 323 S Union Ave in Pueblo’s historic district, the property sits on a 0.0662-acre lot near the Historic Riverwalk and Neon Alley. Public water and sewer service are in place. Heating includes natural gas, electric, radiant, and baseboard systems, while cooling is provided by evaporative cooling and ceiling fans. The roof is flat with tar and gravel construction, and the property is zoned HB.
Key Highlights
- 2,760‑square‑foot mixed‑use property built in 1908
- Current office and short‑term rental configuration
- 8 rooms, 5 restrooms, and a shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,243
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,860
$604.9K
Cap Rate 7%
$432,043
$432.0K
Cap Rate 9%
$336,033
$336.0K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$41.4K $15.00/SF
− Vacancy
−$1.1K −$0.39/SF
EGI
$40.3K $14.61/SF
− OpEx
−$10.1K −$3.65/SF
NOI
$30.2K $10.96/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,860
Cap Rate 7%
$432,043
Cap Rate 9%
$336,033
Alternative Uses
Best Use
Office B
$432.0K
$378.0K – $504.1K
NOI $30,243 @ 7.0% cap · market cap 5.04%
Second Best
Mixed Use
$383.2K
$335.3K – $447.1K
NOI $26,827 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$575.1K
$503.2K – $671.0K
NOI $40,259 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,057
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled commercial property with office and short-term rental use, private parking, and historic architectural details.
Where is this mixed-use property located?
The property is located at 323 S Union Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,760‑square‑foot mixed‑use property built in 1908; Current office and short‑term rental configuration; 8 rooms, 5 restrooms, and a shower
