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Wendy Barney

Legacy Properties West Sotheby's International Realty

304 and 308 Niagara Avenue
304 and 308 Niagara Avenue Paonia, Colorado 81428 United States

$1,250,000
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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...
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Listing Courtesy of Paonia Realty

$1,250,000
Price / Sq. Ft.:
$165 /
7,558 Sq Ft.
Interior
.55 Acres
Exterior
Hotel / Motel
738120
Web Id
738120
MLS ID
Delta County School District 50J
School District
148
days ago

About 304 and 308 Niagara Avenue

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.

Listing Courtesy of Paonia Realty, CREN MLS

features

lot description
Public Transportation

PROPERTY INFORMATION

Heating
Natural Gas
Sewer
Public Sewer Installed

ADDITIONAL INFORMATION

Number of Units
17

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