218 4th St - Schools FOR SALE


Paonia, CO 81428
$1,450,000 USD
970-921-5331
218 4th St, Paonia, CO for Sale
$1,450,000 USD
Schools - FOR SALE
1/16
null | Request Cap Rate

218 4th St
Paonia, CO 81428


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

ADD'L SUBTYPES

Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

5.94 AC

LAND SF

258,617 SF

ZONING

-

APN/PARCEL ID

R009152

ASK ABOUT THIS PROPERTY

Liz HeidrickNeedlerock Mountain Realty and Land LLCMore Info
970-921-5331

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Liz HeidrickNeedlerock Mountain Realty and Land LLCMore Info
970-921-5331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.