304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
304/308 Niagara Avenue
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$914,217

304/308 Niagara Avenue

8,848 Sq.Ft.

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).

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Location

304/308 Niagara Avenue, Paonia, CO 81428

Status

Sold

Property Amenities

Area & Lot
Lot Area 0.57 Acres
Living area 8,848 Sq.Ft.
MLS® ID 169112
Year Built 1959
Type Commercial
Status Sold
Exterior
Water Source City
Finance
Sales Price $914,217
Real Estate Tax $12,068 yearly

Work With Us

Requisite Luxury Properties leverages their business, negotiation and regulatory experience to consult with buyers and sellers of properties to ensure they have successful and profitable transactions.