118 6th Avenue, Ouray, CO 81427
118 6th Avenue, Ouray, CO 81427,Video Tour
118 6th Avenue, Ouray, CO 81427
118 6th Avenue, Ouray, CO 81427
118 6th Avenue, Ouray, CO 81427
118 6th Avenue, Ouray, CO 81427
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Kelsey Loftis

Kelsey Loftis

+1(970) 784-6768
$ 2,673,000
Est. payment | /mo

11 Baths

4,986 SqFt

Save Virtual Tour
$ 2,673,000
Est. payment | /mo
Save Virtual Tour

11 Baths

4,986 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 4,986 sqft

Price per Sqft $536

MLS Listing ID 830282

Full Baths 9

Three Quarter Bath 2

Year Built 1979

Annual Tax Amount $18,859

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Hotel/Motel

Property Description

Black Bear Manor is a premier turnkey bed and breakfast offered at $2,950,000 with an impressive 8.7% CAP rate with a10.5% CAP projected for 2026. Ideally located at the end of a quiet dead-end street just steps from Main Street and theUncompahgre River, this beautifully maintained inn offers guests the perfect blend of mountain tranquility and walkable accessto the heart of Ouray. The property features ten well-appointed guest rooms, each with a private bathroom and both interiorand exterior entrances in 9 of the 10 rooms, providing comfort, privacy, and an efficient layout for owner-operators orhospitality investors. The inn has benefited from extensive 2024–2025 improvements, including all-new Trex decking andbalconies, a full exterior repaint, and the complete transformation of Room 1 into a luxurious honeymoon suite. Additionalupgrades include two new staff lodging rooms, a full remodel of the observatory with fresh paint, carpet, and furnishings, anupdated kitchen, a redesigned outdoor sitting area with a new fountain, upgraded décor and supplies throughout, improvedparking lot drainage, a rebuilt roof over the hot tub, drainage and backhoe work around the property, window and sill repairs,new carpet and paint in multiple rooms, dining room enhancements with new countertops and furniture, a new tool shed, andrefreshed bathrooms and ceiling fans. These thoughtful updates, combined with the property's strong reputation andestablished guest base, create a rare opportunity for an owner-operator seeking onsite living and strong income potential or aninvestor looking for a profitable, professionally managed asset. With peaceful riverside ambience, mountain views, andimmediate access to dining, shopping, and attractions in Ouray's historic district, Black Bear Manor offers a truly exceptionallodging experience in the “Switzerland of America.” Information deemed reliable but not guaranteed. Buyer to verify all tosatisfaction. Terms subject to change without notice.

Location

State CO

County Ouray

Interior

Heating boiler

Cooling Window A/C Unit(s)

Flooring Carpet, Tile, Wood

Equipment Included

Furnishings Furnished

Exterior

Parking Features Off Street

Garage Spaces 12.0

Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, T-1 Line, Water

Roof Type Composition,Shake/Shingle

Building

Story 3

Foundation Basement-Partial Finish

Sewer Public Sewer Installed

Water Public

New Construction No

Others

Virtual Tour https://my.matterport.com/show/?m=k9C8x8jeRMd

Colorado Real Estate Network (CREN) + Sold
Listed by CENTURY 21 Elevated Real Estate

Nearby Locations

Kelsey Loftis

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 784-6768

kelseyloftis@gmail.com

PO Box 7053 Gunnison, CO 81230

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118 6th Avenue