218 4Th St Paonia, CO 81428

This expansive 33,860-square-foot former school building in Paonia, Colorado, presents a unique redevelopment opportunity. Situated on a 2.53-acre lot, this 1960-built property boasts 13 recently updated rooms, several with independent outside access, suggesting potential for multi-unit conversion. The building features a large auditorium/gymnasium with hardwood floors, multiple meeting rooms equipped with overhead projectors, a sizable industrial workshop with a newer ventilation system, and a kitchen facility with existing fixtures. Four ADA-accessible bathrooms are located throughout. The property includes a newer 96% efficient boiler, 208v 3-phase electric, and a camera security system. A large parking area is located behind the building. The existing 2-inch domestic water line has the capacity to service 6-10 single-family homes. Currently zoned public, any change of use will require rezoning by the Town of Paonia; buyers should consult the town regarding intended use. Located within walking distance of Paonia's shopping district and town park, and situated in an Opportunity Zone, this property offers significant potential for adaptive reuse. The building's rich history and prime location make it an exceptional investment prospect for a variety of projects. The existing infrastructure and ample space provide a solid foundation for creative and innovative development.