229 Grand Ave Paonia, CO 81428
- Office buildings
- 2,719 SF
- 0.14 lot acres
Current Use by Public Records
- Office buildings
Property Details for 229 Grand Ave
- Year built
- 1935
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.14 lot acres
- Property size
- 2,719 SF
- Property type
- Office buildings
- APN
- 324506127001
- APU
- 324506127001
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paonia
- County
- Delta
- State
- Colorado
- Longitude
- -107.597
- Latitude
- 38.868
