118 6Th Ave, Ouray, CO

House

For Sale

Listed price in listed location currency (USD).

$2,673,000

01112

MLS® 20255372

Overview

Key Facts

Type

Levels Commercial Sale

Size 4986 sqft

Garage

Taxes $18,859

Days Active 250

Lot Size

Approx. Age 1979

Avg. Price Per Sqft $536

MLS® Number 20255372

Property Address: 118 6th Ave, Ouray, CO, 81427-5044

Average square foot calculated using Size range provided by listing agent.

Description

Black Bear Manor is a premier turnkey bed and breakfast offered at $2, 673, 000 with an impressive 8.7% CAP rate with a 10.5% CAP projected for 2026. Ideally located at the end of a quiet dead-end street just steps from Main Street and the Uncompahgre River, this beautifully maintained inn offers guests the perfect blend of mountain tranquility and walkable access to the heart of Ouray. The property features ten well-appointed guest rooms, each with a private bathroom and both interior and exterior entrances in 9 of the 10 rooms, providing comfort, privacy, and an efficient layout for owner-operators or hospitality investors. The inn has benefited from extensive 2024–2025 improvements, including all-new Trex decking and balconies, a full exterior repaint, and the complete transformation of Room 1 into a luxurious honeymoon suite. Additional upgrades include two new staff lodging rooms, a full remodel of the observatory with fresh paint, carpet, and furnishings, an updated kitchen, a redesigned outdoor sitting area with a new fountain, upgraded décor and supplies throughout, improved parking 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, and refreshed bathrooms and ceiling fans. These thoughtful updates, combined with the property’s strong reputation and established guest base, create a rare opportunity for an owner-operator seeking onsite living and strong income potential or an investor looking for a profitable, professionally managed asset. With peaceful riverside ambience, mountain views, and immediate access to dining, shopping, and attractions in Ouray’s historic district, Black Bear Manor offers a truly exceptional lodging experience in the “Switzerland of America.” Information deemed reliable but not guaranteed. Buyer to verify all to satisfaction. Terms subject to change without notice.

MLS® Number20255372

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1979

BasementPartially Finished

DrivewayOff Street

Garage Spaces

HeatHot Water, Natural Gas

A/CWindow Units, Wall Window Units

Extras

Map

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