704 Fortino BlvdPueblo, CO 81008

Property Details for 704 Fortino Blvd

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.50 AC

Property size (Sq ft)

5,376 SF

Zone code

B-4

Property type

Commercial real estate

APN

513002013

APU

513002013

Description

This exceptional 5,376 square foot Class B office building in Pueblo, Colorado, presents a compelling owner-user opportunity. Located at 704 Fortino Blvd, this single-story, masonry and tile-roofed building boasts low maintenance costs and a highly desirable location, less than a minute from I-25 and Highway 50. The property features three units, with two currently leased to long-term tenants. Unit A commands a monthly rent of $3,800, with the tenant responsible for internet, gas, and electricity. Unit B generates $695 per month in rent, with the tenant covering gas and electricity. A significant portion of the building (approximately 1,800 square feet) is currently vacant and available for immediate occupancy by the owner or for lease. The building sits on a 21,976 square foot lot and includes 17 parking spaces. Built in 1997 and renovated in 2020, the property is zoned B-4. The current leases are multi-tenant, with a corporate guarantee, and have a modified lease type. The lease term is 3.1 years, commencing October 1, 2023, and expiring October 31, 2026, leaving approximately 1.9 years remaining. There are no rent bumps included in the current leases. This is an excellent investment opportunity for an owner-user seeking to leverage existing rental income to offset their own occupancy costs. The property offers a blend of immediate income and potential for future growth.

• Alternative Use

  Use

  Valuation

  Residential

  $1,345,970

  Hospitality

  $1,232,902

  Educational

  $1,025,760

  Medical

  $1,061,037

  Retail

  $1,595,626

Location Insight

City

Pueblo

County

Pueblo

State

Colorado

Latitude

38.3114

Longitude

-104.617

CBSA code

39380

CBSA name

PUEBLO, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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