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$ 290,000
Est. payment /mo
Active
2431 & 2433 Prairie Ave Pueblo, CO 81005
2,890 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,890 sqft
Price per Sqft $100
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 9.4% 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