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Historic Office Building with Apartment
For Sale
$425,000

229 Grand Avenue, Paonia, CO 81428

COMMERCIAL - Paonia, CO

Property Size2,719 SF
Lot Size0.14 Acres
Price / SF$156.31
Days on Market49

Property Features for 229 Grand Avenue

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Full bathrooms 1
Half bathrooms 2
Rooms Bathroom 3, Bathroom 2, Bathroom 1
Directions From Hwy 133, turn south onto Samuel Wade Rd then right (south) onto Grand Ave. Property in on the east side of Grand Ave between 3rdand 2nd St.
Standard status Active
Size 2,719 SF
Lot size 0.14 Acres

Amenities

kitchen
bathroom

Building Details

Year built 1935
Listing Agency: Paonia Realty LLC
Listed By: Ann Marie Gambino · License #FA100078825
Added: Jul 2 Changed: Aug 10 Last Checked: Aug 19 at 7:06AM
MLS# 836529

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Historic Lamborn Building at 229 Grand Avenue, built in 1935, offering office space along with complementary living and dining/kitchen areas. The property was extensively renovated between 2000 and 2001, including electrical rewiring, plumbing, a foam roof, sanded fir floors, new tile, and refurbished antique light fixtures, and has been well maintained since.

On the main level, there are six office spaces, each approximately 110 sf, sharing a common area with a wide entry hall, kitchen, and bathroom. A one-bedroom apartment on the basement level totals about 713 square feet and includes a private entrance and a garden spot.

A small take-out restaurant with limited seating is divided between the main level and basement, with approximately 245 square feet of dining and commercial kitchen space upstairs and about 503 square feet of commercial kitchen space downstairs. The property also includes a 120 square foot covered patio with brick pavers.

Key Highlights

  • Six office spaces on the main level, each approximately 110 sf, share a common entry hall, kitchen, and bathroom
  • Extensively renovated between 2000 and 2001, including electrical rewiring, plumbing, foam roof, and sanded fir floors
  • Basement one‑bedroom apartment totals about 713 sf with a private entrance and garden spot

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Electrical Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Office units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby

Demographics for 81428, CO

3,635
Population
2,150
Households
1.7
Avg Household Size
51
Median Age
39%
College-Educated
94%
High-School Grad
189.6 sq mi
ZIP Area
19
Density / Sq Mi
$76,964
Median Household Income
$51,050
Median Earnings
$1,007
Median Rent
$371,400
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Six main-level office spaces share a common entry hall, and the basement includes a one-bedroom apartment and private entrance.
Where is this office units located?
The property is located at 229 Grand Avenue 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: Six office spaces on the main level, each approximately 110 sf, share a common entry hall, kitchen, and bathroom; Extensively renovated between 2000 and 2001, including electrical rewiring, plumbing, foam roof, and sanded fir floors; Basement one‑bedroom apartment totals about 713 sf with a private entrance and garden spot
More about this property
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