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323 S Union Ave 2,750 SF 100% Leased Office Building Pueblo, CO 81003 $725,000 ($263.64/SF)
Investment Highlights
- Recently renovated historic building in Union Avenue Historic District
- Comprehensive 2024 upgrades including new exterior paint, private parking lot, and interior remodel
- Located steps from Arkansas Riverwalk, convention center, and regional attractions
- Six private off-street parking spaces and convenient street parking
- Flexible HB zoning supports office, retail, lodging, and mixed-use concepts
- Eligible for potential federal and state historic tax credits
Executive Summary
MMG Real Estate Advisors is pleased to present the opportunity to acquire 323 S Union Avenue, a fully renovated, income-producing historic commercial property situated on the main street of the Union Avenue Historic Commercial District in downtown Pueblo, Colorado. Listed on the National Register of Historic Places and steps from the Historic Arkansas Riverwalk, the property offers 2,760 SF across a multi-level layout, six private off-street parking spaces in historic Neon Alley, and a comprehensive 2024 renovation, all with tenants in place at $4,000 per month. With flexible HB zoning, Historic Registry status, and seller flexibility on terms, the property presents multiple paths to increased return for an incoming buyer.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,750 SF
Building Class
C
Year Built/Renovated
1957/2023
Price
$725,000
Price Per SF
$263.64
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,375 SF
Slab To Slab
12’
Building FAR
0.90
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
HB
Parking
7 Spaces (2.55 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0-5-36-4-09-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $92,770 |
Property Taxes
Parcel Number
0-5-36-4-09-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$92,770
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323 S Union Ave
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