2431 & 2433 S Prairie Ave, Pueblo, CO 81005
- $250,000
- List Price
- $250,000
- Status
- ACTIVE
- Price Change
- ▼ $40,000 1789158477
- MLS#
- 241975
- Subtype
- Commercial Sale
- Year Built
- 2008
- Lot Size
- 2,831
- Acres
- 0.07
- Subdivision
- Minnequa Area
- MLS Area Major
- South
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.
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Additional Information
- Taxes
- $5,704
- HOA Fee
- $404
- Zoning
- B-3
- Heating
- Natural Gas, Forced Air
- Air Conditioning
- Central Air
- Stories
- 1
- Levels
- One
- Roof
- Flat
- Parking Features
- Paved
- School District
- 60
Courtesy of Pasternak Properties .