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    229 Grand Ave Paonia, CO 81428

    Sponsored
    For Sale
    $450,000

    Downtown Paonia Commercial Gem

    Property size:
    2,719 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, situated at 229 Grand Avenue in the heart of historic Paonia, Colorado, presents a unique investment opportunity. The 2,719 square foot building, situated on a 0.14-acre lot, underwent extensive renovations between 2000 and 2001. These renovations included complete electrical and plumbing updates, a new foam roof, refinished fir floors, and new tile, all while preserving the building's historic charm with refurbished antique light fixtures. The main level features six individual office spaces, each approximately 110 square feet, sharing a common area with a spacious entry hall, kitchen, and bathroom. A charming 120 square foot covered patio with brick pavers adds to the property's appeal. In the basement, a 713 square foot one-bedroom apartment offers a private entrance and a private garden area. Adding to the income potential is a small take-out restaurant, divided between the main and basement levels. The main level restaurant space encompasses 245 square feet, including dining area and commercial kitchen, while the basement provides an additional 503 square feet of commercial kitchen space. This versatile property offers a blend of commercial and residential space, presenting numerous possibilities for a savvy investor. The property is priced at $450,000.

    Property Features for 229 Grand Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,719 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1935
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -107.5975
    Latitude
    38.86804

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown Paonia Commercial Gem
    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 $450,000.
    Request Owner's contact information
    229 Grand Ave Paonia, CO 81428
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    Paonia, CO 81428
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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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