So I spray painted it red (Cherry Red in gloss by Red Devil - Big Lots)! My husband REALLY loves it and so do I! It matches our decor perfectly and sits on the kitchen counter to hold our mail. I will eventually go back and distress it, but for now I'm just enjoying the color and usefulness of it!
Of course, if I ever wanted to change it back or to a different color, all I have to do is paint it!