2431 & 2433 Prairie Ave, Pueblo, CO 81005
2431 & 2433 Prairie Ave, Pueblo, CO 81005
2431 & 2433 Prairie Ave, Pueblo, CO 81005
2431 & 2433 Prairie Ave, Pueblo, CO 81005
2431 & 2433 Prairie Ave, Pueblo, CO 81005
2431 & 2433 Prairie Ave, Pueblo, CO 81005
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Devlin Schumacher

Devlin Schumacher

+1(970) 412-4802
$ 210,000
Est. payment | /mo

2,890 SqFt

Save
$ 210,000
Est. payment | /mo
Save

2,890 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,890 sqft

Price per Sqft $72

Subdivision Minnequa Area

MLS Listing ID 241975

HOA Fees $404

Year Built 2008

Annual Tax Amount $5,704

Lot Size 2,831 Sqft

Property Sub-Type Commercial

Property Description

Excellent investment opportunity featuring two commercial units offered together. The units total approximately 2,890 square feet and currently generate $33,000 annually in base rent. With a modified NNN lease structure, the property offers an attractive approximately 10.9% cap rate with limited management responsibility. Adding to the investment potential, the existing tenant's business occupies all four contiguous units in the building. The subject units are currently leased month-to-month, with rents that have remained unchanged for several years. This unique configuration provides a new owner with immediate cash flow along with a compelling opportunity to negotiate a new long-term lease at updated rental terms. An attractive combination of strong current return, limited management, tenant retention potential, and future rental upside.

Location

State CO

County Pueblo

Area South

Zoning B-3

Interior

Heating Natural Gas, Forced Air

Cooling Central Air

Inclusions Building & Land

Equipment None

Exterior

Parking Features Paved

View Y/N No

Roof Type Flat

Private Pool No

Building

Lot Description Business Park, Office Center

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Schools

School District 60

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Chris Pasternak Pasternak Properties

Nearby Locations

Devlin Schumacher

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 412-4802

[email protected]

509 N Iliff Dr, Pueblo, CO 81007, USA

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2431 & 2433 Prairie Ave