Individually Owned 
For Sale
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Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Medical Clinic Alternative Medicine Practice
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
