$1,450,000

218 4th St Paonia, CO 81428

Estimated payment $7,901/month

Total Views 58
10 Beds
10 Baths
33,860 Sq Ft
$43 Price per Sq Ft

Highlights

  • Mountain View
  • Forced Air Heating System
  • 3-minute walk to Paonia Park
  • 3 Home Offices
  • Combination Kitchen and Dining Room

About This Home

INCREDIBLE RE-DEVELOPEMENT OPPORTUNITY IN PICTURESQUE DOWNTOWN PAONIA. NEW ROOF COMINGSPRING 2025! 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.

Listing Agent

Marsha Brezonick

Needlerock Mountain Realty and Land, LLC Listed on: 02/04/2025

Co-Listing Agent

Liz Heidrick

Needlerock Mountain Realty and Land, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960 | Remodeled in 2012

Lot Details

  • 2.53 Acre Lot
  • Chain Link Fence

Home Design

  • Slab Foundation
  • Stick Built Home

Interior Spaces

  • Combination Kitchen and Dining Room
  • 3 Home Offices
  • Mountain Views

Bedrooms and Bathrooms

  • 10 Bedrooms

Utilities

  • Forced Air Heating System
  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Internet Available
  • Phone Available

Community Details

  • Wa Clark Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 324506184001

Home Details

Home Type

Single Family

Year Built

Built in 1960 | Remodeled in 2012

Lot Details

0

Listing Details

  • Estimated Total Acres: 2.53
  • Class: RESIDENTIAL
  • Elevation: 5,682'
  • Em Deposit: 25000
  • Em Holder: Title Co
  • Legal Lot Block: See Exhibit A in Associated Docs
  • Lot Dimension: 2.53 acres
  • Lot Size Acreage: 2-4.99
  • Parcel Id Number: 324506184001
  • Price Per Sq Ft: 42.82
  • Real Estate Included: Yes
  • Realist Id: 3245-061-84-001
  • Sale/Rent: For Sale
  • Street Descriptionaccess: City/Town, Concrete
  • Street Designation: Street
  • Tax Account Id: R025939
  • Type: Stick Built
  • Internet Provider: Elevate
  • Internet Service: Yes
  • Year Built: 1960
  • Year Renovated: 2012
  • Foreign Owned Y N: No
  • Prop Description Remarks: INCREDIBLE RE-DEVELOPEMENT OPPORTUNITY IN PICTURESQUE DOWNTOWN PAONIA. NEW ROOF COMINGSPRING 2025! 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.
  • Subdv Name: WA Clark Addition
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Kitchen/Dining
  • Bedrooms: 10
  • Estimated Total Sq Ft: 33860
  • Full Bathrooms: 0
  • Half Bathrooms: 8
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 10
  • Foundation: Slab
  • Main Level Sq Ft: 32480
  • Total Office Den: 3
  • Upper Level Sq Ft: 1380

Exterior Features

  • Fence: Chain Link
  • Views: Mountains

Utilities

  • Utilities: Electric, Phone - Landline, Natural Gas, Internet, Phone - Cell Reception
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Boiler, Forced Air
  • Sewer Supplier: Town of Paonia
  • Water Supplier: Town of Paonia

Schools

  • Elementary School: Open Enrollment
  • Middle School: Open Enrollment
  • High School: Open Enrollment
  • High School: Open Enrollment

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Open Enrollment
  • Middle School: Open Enrollment

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $649,883 $35,606 $614,277
2023 $0 $950,711 $61,380 $889,331
2022 $0 $1,090,129 $31,610 $1,058,519
2021 $0 $1,090,129 $31,610 $1,058,519
2020 $0 $414,958 $29,000 $385,958
2019 $0 $414,958 $29,000 $385,958
2018 $0 $449,769 $29,000 $420,769
2017 $0 $449,769 $29,000 $420,769
2016 $0 $335,489 $27,188 $308,301
2014 -- $507,852 $0 $507,852
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 For Sale $1,450,000 -- $43 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 820955

Colorado Real Estate Network (CREN)

APN: R009152