Rocky Mountain Inn entrance beneath an arched sign, with landscaped grounds and a mountain backdrop.
Rocky Mountain Inn exterior with its arched entrance sign and mountain backdrop.
Carved wooden totem pole topped with a colorful bird with outstretched wings.
Single-story home with a green metal roof, landscaped lawn, flower planters, and a bicycle nearby.
Furnished bedroom with a patterned bedspread, arched metal headboard, and chairs beside the bed.
Two commercial buildings with green roofs and a parking lot, separated by a colorful carved totem.
Colorful stone fountain in a landscaped yard with lawn, flowers, and a house behind it.
Furnished bedroom with a blue patterned bedspread, window blinds, and an open door to the outside.
Furnished bedroom with a patchwork-quilt bed, red sofa, and wood-trimmed window.
Furnished bedroom with two patchwork-quilted beds, a red sofa, and a leather recliner.
Furnished bedroom with a compact kitchenette, patterned bedspread, and wood-floored sitting area.
Furnished bedroom with a large patterned bed, wood floors, and windows overlooking leafy greenery.
Blue garden bench beside a wooden privacy fence and leafy shrubs.
Furnished bedroom with floral bedding, wood wainscoting, and a small sitting area.
Kitchen with oak cabinets, an electric range, and a double-basin sink beneath a window.
Landscaped courtyard with a stone fountain, winding gravel path, mature trees, and outdoor seating.
Outdoor patio with wicker seating, flowering vines, and a patterned canopy.
Landscaped yard with a metal deer sculpture, flower-filled planter, lawn, and shaded outdoor seating.
Rocky Mountain Inn office entrance with a rust-colored awning, wooden bench, and potted flowers.
Striped hammock beneath mature trees in a shaded backyard, with the home’s porch behind it.
Shaded backyard garden with wicker seating, a stone fountain, and bird sculptures beneath mature trees.
Backyard patio with striped-cushion wicker chaise lounges and a hammock beneath mature trees.
Courtyard fountain surrounded by decorative gravel, with a stone bird sculpture and wicker seating.
Backyard patio with a timber pergola, Adirondack chairs, and a mountain view.
Single-story brick property with multiple cream entry doors, green trim, and landscaped shrubs.
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$914,217

304/308 Niagara Avenue

8,848 Sq.Ft. 0.57 Acres

Description

PRICE IMPROVEMENT! Peaceful Oasis Boutique Hotel In the Heart of Paonia, CO! Due to COVID, the Inn was closed much of 2020 and 2021. During this time, the seller invested over $20k in upgrading the owner's apartment, and has incurred costs for deep cleaning the units, tree trimming, landscaping, general maintenance. Property is positioned and ready to take advantage of the anticipated post-COVID spike in travel... The eclectic Town of Paonia is a quaint destination in the heart of Colorado's sustainable orchard and agricultural area. Enjoy world-class fishing, hiking, biking, rafting, hunting, wineries, a local brewery, organic farms and wilderness exploring. The Town of Paonia flows with cultural arts and entertainment.The Inn would be an ideal lifestyle for an Innkeeper or as a great investment. Five buildings on over 1/2-acre. Bldgs total over 8,200sf, plus a 648sf garage & attached storage. The hotel is 16 rooms, ranging from 217sf to 547sf: 21 beds, 16 baths...4 rooms are standard efficiency rooms; 5 multi-bed rooms each w/ 2 beds & half or full kitchens; 6 custom studio apartments & full kitchen (5 queens, 1 king); 4 rooms are standard efficiency rooms; 5 multi-bed rooms each w/ 2 beds & half or full kitchens; 6 custom studio apartments & full kitchen (5 queens, 1 king). The Inn would be an ideal lifestyle for an Innkeeper or as a great investment. Five buildings on over 1/2-acre. Bldgs total over 8,200sf, plus a 648sf garage & attached storage. The hotel is 16 rooms, ranging from 217sf to 547sf: 21 beds, 16 baths...4 rooms are standard efficiency rooms; 5 multi-bed rooms each w/ 2 beds & half or full kitchens; 6 custom studio apartments & full kitchen (5 queens, 1 king); 4 rooms are standard efficiency rooms; 5 multi-bed rooms each w/ 2 beds & half or full kitchens; 6 custom studio apartments & full kitchen (5 queens, 1 king).

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Location

304/308 Niagara Avenue, Paonia, CO 81428

Status

Sold

Date Sold

December 27, 2021

Property Amenities

Area & Lot
Lot Area 0.57 Acres
Living area 8,848 Sq.Ft.
MLS® ID 169112
Year Built 1959
Status Sold
Exterior
Water Source Public
Lot Features Landscaped
Utilities Natural Gas Available
Finance
Sales Price $914,217
Real Estate Tax $12,068 yearly

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