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304 Niagara Road - Rocky Mountain Inn, Paonia, CO

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304 Niagara Road - Rocky Mountain Inn

Paonia, CO 81428

Property Type:Hospitality Number of Rooms:16 Status:Existing Year Built:1972
Stories:1 Building Size:7,438 SF Land Area:.58 AC (25,265 SF)
For Sale Price:$1,220,000 Price/Room:$76,250 Cap Rate:-


A private oasis in the heart of Paonia. Upscale, quaint Inn recently updated inside and out surrounded by extensively landscaped grounds creating a warm and inviting environment with a cozy contemporary country western feel. All within walking distance from downtown and the new public library. Manager's spacious 2 bedroom apartment and office is an ideal set up for anyone looking to own and operate a successful Inn with 16 rooms in 3 buildings and a large converted garage workshop for the handy man. Facility has 2 laundry facilities with 3 washers and dryers with plenty of storage areas. All rooms equipped with DirectTV and wireless Internet access. Buildings offer 4 standard efficiency rooms with microwaves, refrigerators and coffee makers; 5 multi-bed suites including sitting area and full kitchen in each; 2 king bed studio apartments, 5 queen-bed studio apartments and a bonus room below the Manager's apartment 1 bedroom, large great room with wood burning fireplace. Current Owner has invested over $266,000 in improvements, creating the perfect home away from home.
From Delta off highway 50 turn east on highway 92 travel approx. 20 miles to Hotchkiss, continue straight on CO-133 for 7.9 miles to Paonia. Turn right on P Road across from the Stop N Save Gas. Travel just over 1/2 mile, 3rd left is Niagara Ave.

Sale Notes:
Enjoy a Lifestyle while Prospering at your own Private Oasis in the Heart of Paonia. Lush Landscaping throughout this beautiful property and a Relaxing Courtyard in the center. This is a Turn Key Operation that has had extensive capital improvements made since 2006. 16 Beautifully Decorated Units, all but 2 have full kitchens. Different size units allow for multi-family groups. The Manager/Owner residence has 2 bedrooms, bonus room, 2 full baths, great room with wood burning stove, living room, large kitchen plus a garage and workshop in split level home. There are 5 buildings on over a half acre. Competitively priced at $1,220,000.00, conservative Cap Rate with lots of upside in Profits. Price includes FF&E. Sufficient training included. Experienced management team in place. Possible local financing for qualified buyer.

Ideal lifestyle for an Innkeeper or makes a great Investment. Perfect for corporate retreats, private events, weddings, sports events, and budget conscious individuals.

Grand Mesa Commercial Real Estate
Lucinda Stanley
(970) 512-3000

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