$914,217
$1,100,000
16.9%For more information regarding the value of a property, please contact us for a free consultation.
304/308 Niagara AVE Paonia, CO 81428
8,848 SqFt
Key Details
Sold Price $914,217
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 8,848 sqft
Price per Sqft $103
Subdivision See Remarks
MLS Listing ID 1003850
Sold Date 12/27/21
HOA Y/N No
Originating Board Vail Multi-List Service
Year Built 1959
Annual Tax Amount $12,068
Tax Year 2019
Lot Size 0.575 Acres
Acres 0.57
Property Sub-Type Hotel-Motel
Property Description
PRICE IMPROVEMENT! Peaceful Oasis Boutique Hotel In the Heart of Paonia, CO! Due to COVID, the Inn was closed much of 2020 and 2021. During this time, the seller invested over $20k in upgrading the owner's apartment, and has incurred costs for deep cleaning the units, tree trimming, landscaping, general maintenance. Property is positioned and ready to take advantage of the anticipated post-COVID spike in travel... The eclectic Town of Paonia is a quaint destination in the heart of Colorado's sustainable orchard and agricultural area. Enjoy world-class fishing, hiking, biking, rafting, hunting, wineries, a local brewery, organic farms and wilderness exploring. The Town of Paonia flows with cultural arts and entertainment.
The Inn would be an ideal lifestyle for an Innkeeper or as a great investment. Five buildings on over 1/2-acre. Bldgs total over 8,200sf, plus a 648sf garage & attached storage. The hotel is 16 rooms, ranging from 217sf to 547sf: 21 beds, 16 baths...4 rooms are standard efficiency rooms; 5 multi-bed rooms each w/ 2 beds & half or full kitchens; 6 custom studio apartments & full kitchen (5 queens, 1 king); 4 rooms are standard efficiency rooms; 5 multi-bed rooms each w/ 2 beds & half or full kitchens; 6 custom studio apartments & full kitchen (5 queens, 1 king).
Location
State CO
County Delta
Community See Remarks
Zoning Commercial
Interior
Heating Baseboard, Electric, Natural Gas, Radiant Floor
Exterior
Parking Features Parking Lot
Garage Spaces 1.0
Garage Description 1.0
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Satellite, Sewer Available, Trash, Water Available
Roof Type Metal
Building
Foundation Block
Lot Size Range 0.57
Sewer Sewer Connected
Others
Tax ID 324506111003
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