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218 4th St 38,681 SF Specialty Building Offered at $1,450,000 in Paonia, CO 81428

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EXECUTIVE SUMMARY

MASSIVE BUILDING IN PICTURESQUE DOWNTOWN PAONIA WITH ENDLESS OPPORTUNITIES. Once a loved School Building, this 33,860 MOL sq ft building on 2.53 acres has been a vocational school, public meeting place and commercial training center. Recently this facility had 13 rooms totally updated! Several rooms have their own independent outside access doors, which sparks the imagination towards multi living units concept. Large meeting rooms with overhead projectors and a massive auditorium/gymnasium with hardwood flooring leaves room for even more creative thinking. Big industrial workshop with newer ventilation system set up for automative training or ???? Kitchen facility with dining area will need to be updated but has many valuable fixtures and features built right in. There are multiple bathrooms throughout the building including four that are ADA accessible. The building has a newer 96% efficient boiler, 208v 3 phase electric, camera security system and more. Large Parking area behind the building and the existing infrastructure will lend itself to multiple uses. The Town of Paonia domestic water line into the building is a 2" line, which can typically service 6-10 single family homes. Currently zoned Public, a change of use will require re-zoning by the Town of Paonia. Buyers should consult with the Town regarding any intended use. Imagine your project here within walking distance to the POPULAR TOWN PARK and Downtown Shopping District of Paonia. Western Colorado continues to attract wonderful people and we need to work and repurpose buildings like this to help keep our communities vital and strong. This is located in the OPPORTUNITY ZONE! Provenance is priceless in terms of memories here, but it is time for a new DREAM to take hold.

PROPERTY FACTS

Price $1,450,000
Price Per SF $37.49
Sale Type Investment
Property Type Specialty
Property Subtype
School
  • Specialty Lodge Meeting Hall
Building Class C
Lot Size 5.94 AC
Building Size 38,681 SF
No. Stories 2
Year Built 1960
Parking Ratio 0.44/1,000 SF
Opportunity Zone Yes
Zoning Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R009152
Land Assessment
$35,606
Improvements Assessment
$614,277
Total Assessment
$649,883
  • Listing ID: 29995760

  • Date on Market: 11/8/2023

  • Last Updated:

  • Address: 218 4th St, Paonia, CO 81428

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