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304 Niagara Ave
Paonia, CO 81428
Rocky Mountain Inn · Hospitality Property For Sale
·
8,200 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1959/2017 |
| Building Class | C | Parking Ratio | 2.68/1,000 SF |
| Lot Size | 0.57 AC | Corridor | Exterior |
| Building Size | 8,200 SF | ||
| Zoning | Commercial - PAO Commercial Use Code 2000 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 8,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2017 |
| Parking Ratio | 2.68/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial - PAO Commercial Use Code 2000 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
ABOUT 304 NIAGARA AVE , PAONIA, CO 81428
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 FF&E. Sufficient training included and possible local financing for qualified buyers. Priced below Replacement Value on Buildings. Paonia Colorado is located on the edge of mountains in Western Colorado. This is Colorado's fruit and wine country. The climate is mild and outdoor opportunities abound to include biking, kayaking, fishing, hunting rafting, cross country skiing, snowmobiling and more. Paonia has many annual festivals a number of which attract attention from all across the state. The local agri-tourism 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.
