•   303-771-9400
  • 6020 Greenwood Plaza Blvd
    Greenwood Village, CO 80111 USA

304 Niagara Avenue Paonia, CO 81428
MLS# 738120 | $1,250,000 | Active

304 Niagara Avenue Paonia, CO 81428

Listing Details

  • MLS#: 738120
  • MLS Originator: CREN (Colorado Real Estate Network)
  • Property Type: Incomes Property
  • Status: Active
  • Price: $1,250,000

Property Details

  • Sqft: 7558
  • Acres: 0.55
  • Year Built: 1959

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 FFandE. 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 current temporarily reduced price is only valid if the property is put under contract before the end of June 2019.

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