304 And 308 Niagara Avenue

Paonia, CO 81428

About this property

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.

Date Added
November 8, 2019
Listing Status
Active
Days On Site
29
MLS#
764561

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Hospitality
Sub-Type
Resale
Year
1959
Garage
0
Pool
No
Story(s)
1
Property View
No
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$1,250,000 Active
0 Beds
0 Baths
7,558 SQFT

Presented By Coldwell Banker Distinctive Properties, Sun Valley

Get in touch today! Phone: (208) 622-3400
Brokerage
Sun Valley Ketchum
(208) 622-3400
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Area Information

North Fork | Delta County |

$ 1,250,000
This listing is play_arrow 287.9% higher than the average in the area
$ 322,250 in the area
7,558 SqFt
This listing is play_arrow 584.0% larger than the average in the area
1,105 SqFt in the area
$ 165 $/SqFt
This listing is play_arrow 128.8% more than the average in the area
$ 72 $/SqFt in the area
29 days on site
This listing is play_arrow 65.9% below the average in the area
85 days on site in the area

Schools in the Area

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