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    229 Grand Ave Paonia, CO 81428

    For Sale
    $425,000

    Multi-Use w/Res - Paonia, CO

    Property size:
    2,719 SF
    Lot size:
    0.14 Acres
    Days on Market:
    186
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 229 Grand Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,719 SF
    Lot size
    0.14 Acres

    Building Details

    Year built
    1935
    Architectural style
    Other

    Paonia Realty (970) 261-5928 [email protected]

    Listing agent Ann Marie Gambino (970) 261-5928

    Listing date Jun 12, 2025

    MLS# 812129 Listing URL

    Copyright © 2025 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Mixed-Use Building in Paonia

    Located on Grand Avenue in the heart of downtown Paonia, this historic building offers a variety of commercial and residential spaces. Extensively renovated between 2000 and 2001, the property features updated electrical wiring, plumbing, a foam roof, sanded fir floors, and new tile, while retaining its historic charm with refurbished antique light fixtures. The main level includes six office spaces, each approximately 110 square feet, sharing a common area with a wide entry hall, kitchen, and bathroom. A 713 square foot one-bedroom apartment with a private entrance and garden spot is located on the basement level. The property also includes a small take-out restaurant with limited seating, divided between a 245 square foot dining and commercial kitchen space on the main level and a 503 square foot commercial kitchen space in the basement. A 120 square foot covered patio with brick pavers enhances the property. The building has a total living area of 2719 square feet and is situated on a 0.14-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paonia
    County
    Delta
    State
    Colorado
    Longitude
    -107.598
    Latitude
    38.9841

    Nearby Similar for Sale

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    • $125,000
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      Paonia Brewery & Tasting Room

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    • $450,000
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      Historic Paonia Mixed-Use Building

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use property with office spaces, apartment, and restaurant.
    Where is this mixed-use property located?
    The property is located at 229 Grand Ave Paonia, CO.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Prime downtown location on Grand Avenue in Historic Paonia.; - Extensively renovated between 2000 and 2001 including electrical, plumbing, and roof.; - Includes six office spaces on the main level with shared common areas, kitchen, and bathroom.
    (970) 261-5928
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    229 Grand Ave Paonia, CO 81428
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