For Sale
$1,450,000

218 4Th StPaonia, CO 81428

Historic school building, endless potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This expansive 33,860-square-foot former school building in Paonia, Colorado, presents a unique redevelopment opportunity. Situated on a 2.53-acre lot, this 1960-built property boasts 13 recently updated rooms, several with independent outside access, suggesting potential for multi-unit conversion. The building features a large auditorium/gymnasium with hardwood floors, multiple meeting rooms equipped with overhead projectors, a sizable industrial workshop with a newer ventilation system, and a kitchen facility with existing fixtures. Four ADA-accessible bathrooms are located throughout. The property includes a newer 96% efficient boiler, 208v 3-phase electric, and a camera security system. A large parking area is located behind the building. The existing 2-inch domestic water line has the capacity to service 6-10 single-family homes. Currently zoned public, any change of use will require rezoning by the Town of Paonia; buyers should consult the town regarding intended use. Located within walking distance of Paonia's shopping district and town park, and situated in an Opportunity Zone, this property offers significant potential for adaptive reuse. The building's rich history and prime location make it an exceptional investment prospect for a variety of projects. The existing infrastructure and ample space provide a solid foundation for creative and innovative development.

Highlights

  • $1,450,000 asking price for a 33,860 square foot former school.
  • Located in Paonia, CO, on a 2.53-acre lot at 218 4th St, 81428.
  • Multifamily, mixed-use, special purpose property; currently zoned public, requiring rezoning for alternative use.
  • Features 13 recently updated rooms, several with independent outside access, a large auditorium/gymnasium, industrial workshop, and kitchen facility.
  • Includes a newer 96% efficient boiler, 208v 3-phase electric, camera security system, and ample parking.
  • Situated in an Opportunity Zone, within walking distance of downtown Paonia and parks.

Property Details for 218 4Th St

Property type
Specialty properties, Schools
Square Feet
33,860 SF
Year Built
1960
Lot Size (sq. ft)
110,207 SF

Location Insight

City
Paonia
County
Delta
State
Colorado
Latitude
38.8708005
Longitude
-107.5964073
218 4Th St, Paonia, Colorado

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218 4Th St
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