$1,829,709*
●
Commercial -
Off Market
304 and 308 Niagara Avenue
Paonia, CO 81428
Studio
0 Bath
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/10/2019
|
|
Studio
|
-
|
7558 ft²
|
$1,250,000
Studio
-
7558 ft²
|
-
-
|
-
|
-
|
09/03/2018
|
|
Studio
|
-
|
7558 ft²
|
-
Studio
-
7558 ft²
|
-
-
|
-
|
-
|