Paonia, CO 81428,304/308 Niagara Avenue
Listed by Douglas Elliman Real Estate-SMV

$914,217

$1,100,000

16.9%
Est.Price: ?

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Est. payment /mo

8,848 SqFt


SOLD DATE : 12/27/2021

Key Details

Sold Price $914,217

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 8,848 sqft

Price per Sqft $103

Subdivision Out Of Area

MLS Listing ID 169112

Sold Date 12/27/21

Year Built 1959

Annual Tax Amount $12,067

Tax Year 2019

Lot Size 0.575 Acres

Acres 0.57

Property Sub-Type Commercial

Source Aspen Glenwood MLS

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). 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 Out Of Area

Area Out Of Area

Zoning Commercial

Direction Highway 82 to CO-133 over McClure Pass to CO-187 (Grand Avenue) in Delta. Turn left onto Grand Ave (CO-187) and go for 0.8 mi.To right onto 3rd St.( 741 ft.) Turn right onto Niagara Ave. (115 ft.) Arrive at Niagara Ave. Hotel is on the left.

Exterior

Utilities Available Natural Gas Available

Building

Lot Description Landscaped

Water Public

Others

Tax ID 324506111003

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Aspen Glenwood Springs MLS (AGSMLS)
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