See Home Value
Paonia 81428
304 and 308 Niagara Avenue
$1,829,709*
Commercial - Off Market

304 and 308 Niagara Avenue

Paonia, CO 81428
bedrooms
Studio
bathrooms
0 Bath
square feet
7558 Sqft
$1,125,000 - $1,375,000
Reference Base Price*
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Bernadette Stech, Paonia Realty, , [email protected], www.paoniarealty.com: Largest lodging business in the Town of Paonia. Extensive capital improvements made since 2006. 16 Units plus a Manager/Owner residence with 2 bedrooms, bonus room, 2 full baths, great room, living room, large kitchen plus garage and workshop in split level home. Different size units allow for multi-family groups. 5 buildings on over half acre,. Ideally located in town, 2 block walk from downtown, one lot away from Paonia's awesome public library, directly across from Berg Harvest (farm stand that serves meals). Ideal lifestyle for an Innkeeper or as a great Investment. Great Cash Flow with Strong Discretionary Earnings. Conservative Cap Rate with lots of upside in Profits. Repeat patrons love this quaint upscale Inn. Perfect for corporate retreats, private events, weddings, sports events and budget conscience individuals. Price includes FF&E. Sufficient training included and possible local financing for qualified buyers. Priced below Replacement Value on Buildings. Paonia has many annual festivals a number of which attract attention from all across the state. The local agritourism business is booming, the Arts in Paonia are flourishing - tourism in general is on the rise. Put yourself directly in this growth path.

The manager has listed the unit size as 7558 square feet.
Unit Size
7,558Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$165
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1959

Price History

Date / Event Date Event Price
Nov 10, 2019 No longer available -
No longer available
Jul 20, 2019 Price Increased $1,250,000
↑ $200K (19.1%)
Price Increased
May 29, 2019 Price Decreased $1,050,000
↓ $200K (16%)
Price Decreased
Sep 3, 2018 Listed $1,250,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20191110
11/10/2019
Studio
-
7558 ft²
$1,250,000
bedrooms
Studio
bathrooms
-
square feet
7558 ft²
-
-
-
-
20180903
09/03/2018
Studio
-
7558 ft²
-
bedrooms
Studio
bathrooms
-
square feet
7558 ft²
-
-
-
-

Building Info

304 Niagara Avenue 304 Niagara Avenue, Paonia, CO 81428
More about this Building
304 Niagara Avenue
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About Paonia


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