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Mixed-Use Building with Restaurant
For Sale
$425,000

229 Grand Ave, Paonia, CO 81428

Renovated downtown property combines office suites, a private-entry apartment, commercial kitchen space, and covered outdoor seating.

Property Size2,719 SF
Price / SF$156.31
Days on Market112

Property Features for 229 Grand Ave

General Information

Standard status Active
Size 2,719 SF
Property subtype Commercial

Additional Details

Road Access Yes
Office Units 6

Amenities

common area kitchen
bathroom
covered patio

Building Details

Year Built 1935
Year Renovated 2001
Buildings 1
Listing Agency: Paonia Realty LLC
Listed By: Ann Marie Gambino C · License #FA100078825
Source: Mountainmeadowrealestate
Added: May 12 Changed: Aug 30 Last Checked: Aug 30 at 11:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paonia Realty LLC

Investment Insights

Based on property information with market context.

The Lamborn Building is a 2,719-square-foot mixed-use property originally built in 1935 and renovated between 2000 and 2001. Improvements included electrical rewiring, plumbing updates, a foam roof, refinished fir floors, new tile, and refurbished antique light fixtures. The main level contains six office spaces of approximately 110 square feet each, connected by a shared entry hall with a kitchen and bathroom. A small takeout restaurant includes 245 square feet of dining and commercial kitchen area on the main level, with an additional 503 square feet of commercial kitchen space in the basement. A 120-square-foot covered patio provides brick-paver outdoor seating.

The basement also includes a 713-square-foot, one-bedroom apartment with a private entrance and garden spot. The property is located at 229 Grand Ave in downtown Paonia, near Paonia Town Park, farmers markets, festivals, arts and music events, Jumbo Mountain trails, and Paonia River Park.

Key Highlights

  • 2,719‑square‑foot mixed‑use building at 229 Grand Ave, Paonia, CO 81428
  • Built in 1935; renovated between 2000 and 2001 with electrical, plumbing, roofing, flooring, and tile improvements
  • Six main‑level office spaces, each approximately 110 square feet, sharing a hall, kitchen, and bathroom

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
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Renovated downtown property combines office suites, a private-entry apartment, commercial kitchen space, and covered outdoor seating.
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: 2,719‑square‑foot mixed‑use building at 229 Grand Ave, Paonia, CO 81428; Built in 1935; renovated between 2000 and 2001 with electrical, plumbing, roofing, flooring, and tile improvements; Six main‑level office spaces, each approximately 110 square feet, sharing a hall, kitchen, and bathroom
More about this property
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