115 2Nd StPueblo, CO 81003

This three-story, 17,160-square-foot commercial office building in Pueblo, Colorado, presents a compelling investment opportunity. Located at 115 W 2nd St, this Class C property boasts a rich history, having served as a saddle-making factory in the early 1900s. Currently vacant, the building offers three units, each with a pro-forma price of $233,000, totaling an asking price of $699,000. The property features 11 parking spaces, including a lot to the east, and sits on a 0.26-acre lot. Built in 1900, the building includes an elevator and benefits from a B-4 zoning designation, allowing for diverse uses. With a pro-forma NOI of $68,900 and a pro-forma cap rate of 9.86%, this property offers strong potential returns. Its prime location near the Pueblo Riverwalk and downtown's amenities makes it an attractive prospect for both investors and owner-occupiers. The building's size, history, and location combine to create a unique opportunity in the vibrant Pueblo market. The property is available for occupancy on December 16, 2024. The APN is 0536128008.