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Renovated Mixed-Use Building
For Sale
$425,000
Pending

229 Grand Avenue, Paonia, CO 81428

COMMERCIAL, Paonia, CO

Property Size2,719 SF
Lot Size0.14 Acres
Days on Market89

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 1, Bathroom 2
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 Pending
Size 2,719 SF
Lot size 0.14 Acres

Amenities

covered patio

Building Details

Year built 1935
Listing Agency: Paonia Realty LLC
Listed By: Ann Marie Gambino · License #FA100078825
Added: Jul 2 Changed: Sep 19 Last Checked: Sep 28 at 7:06PM
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.

Built in 1935, this mixed-use property contains 2,719 square feet on a 0.14-acre parcel at 229 Grand Avenue in downtown Paonia. The building underwent extensive work in 2000 and 2001, including electrical rewiring, plumbing updates, a foam roof, refinished fir flooring, new tile, and refurbished antique light fixtures.

The main level includes six office spaces of approximately 110 SF each, along with a shared entry hall, kitchen, and bathroom. Restaurant improvements include 245 square feet of dining and commercial kitchen area on the main level, 503 square feet of commercial kitchen space below, and a 120-square-foot covered patio with brick pavers. The basement also provides an 800-square-foot one-bedroom apartment with its own entrance and garden area. The restaurant is configured for takeout service with limited seating.

Key Highlights

  • 2,719‑square‑foot mixed‑use building on a 0.14‑acre parcel
  • Six office spaces, each approximately 110 SF, with shared kitchen, bathroom, and entry hall
  • 800‑square‑foot one‑bedroom apartment with private entrance and garden spot

Property Analytics

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Current Use

Commercial kitchens

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Electrical Service Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 56% Shops & Services 33% Home Improvements & Furnishings 11%
Don's Super Market Groceries
3,713 visits/mo 0.2 miles
FedEx Office Print & Ship Center Shops & Services
1,603 visits/mo 0.1 miles
Dependable Lumber Home Improvements & Furnishings
732 visits/mo 0.2 miles
Napa Auto Parts Shops & Services
566 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown property combines office suites, a takeout restaurant, commercial kitchens, and a private-entry apartment.
Where is this mixed-use property 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: 2,719‑square‑foot mixed‑use building on a 0.14‑acre parcel; Six office spaces, each approximately 110 SF, with shared kitchen, bathroom, and entry hall; 800‑square‑foot one‑bedroom apartment with private entrance and garden spot
More about this property
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