Angie Keele - Coldwell Banker Distinctive Properties
304 And 308 Niagara Avenue
Paonia, CO 81428

$1,250,000

Description

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 Paonias 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.

Details

MLS#738120
Sub-TypeResale
StatusActive
Year1959
Days On Site329

Features

SQ Feet7,558
Story(s)1
Units17
ZoningC-1
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Area Information

StateCO
CityPaonia
Zip Code81428
AreaNorth Fork
Listing VS Median (in 81428)
Price:
$1,250,000
low | high
Med:
$286,250
100% of Average
SqFt:
7,558
low | high
Med:
1,398
100% of Average
$ / SqFt:
$165
low | high
Med:
$236
7.197325024286% of Average
On Site:
329
low | high
Med:
77
100% of Average
Listing Updated: 08/20/2018
MLS Number: 738120
Listing Provided By:
Bernadette Stech  of  Paonia Realty



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