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.

  • MLS# 738120
  • Sub-Type Resale
  • Status Active
  • Year 1959
  • Days On Site 391
SQ Feet 7,558
Story(s) 1
Units 17
Zoning C-1
Listing Provided By:
Bernadette Stech  of  Paonia Realty
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $1,250,000
331.78%
$289,500 in 81428
this listing 7,558 SqFt
276.39%
2,008 SqFt in 81428
this listing $165 $/SqFt
14.71%
$144 $/SqFt in 81428
this listing 391 on site
183.33%
138 on site in 81428

Location

State CO
City Paonia
Zip Code 81428
Area North Fork

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