Rare Opportunity in Downtown Ouray: The Mission Rock Triplex Call me to arrange your tour! Jason K. Raible LIV Sotheby’s International Realty / Telluride 970-729-0720 jay@telluride-colorado.com A HISTORIC GEM REIMAGINED Discover an exceptional investment or private retreat in the heart of Ouray, Colorado. A rare residential triplex offering short-term rental (STR) revenue, no HOA dues, and lots of use flexibility for the new owner. Occupying a large downtown gated corner lot with a central courtyard, this unique property seamlessly blends historic charm and modern convenience. — DEMONSTRATED SHORT-TERM RENTAL PERFORMANCE — Collective gross rental revenue in 2024 was ~$110k. Collective gross rental revenue in 2023 was ~$130k. -- PROPERTY HIGHLIGHTS -- Three Independent Units: * 117 7th Avenue: Spacious street-level 3-bed, 2-bath, 2,070 sq. ft. residence with west facing patio. * 119 7th Avenue: Upper-level 3-bed, 2-bath unit with an office loft, vaulted ceilings with south facing windows, and 1,454 sq. ft. of living space. * 115 7th Avenue: Stand-alone historic cottage (c. 1900) featuring 1 bed, 1 bath, a loft, and 761 sq. ft. of character-filled space. * Zoning for Short-Term Rentals: One of the few downtown properties with approved zoning for STRs, offering three streams of potential rental income. * Flexible Use Potential: Options to sell individual units, lease for vacation rentals, or maintain the property as a private, multi-residence compound. * Prime Downtown Location: Situated diagonally across from the iconic Western Hotel, this pedestrian-friendly location is just steps from Ouray's vibrant amenities—shops, spas, breweries, fine dining, and renowned hiking trails. * A Rare Value Proposition: With a total of 4,285 livable square feet (per Assessor, $560/sq. ft.) plus a 225 sq. ft. storage room, Mission Rock represents a tremendous value when compared to the current cost of new construction. Mission Rock offers a big volume of livable square footage and an established short-term rental platform at 1/3rd of Telluride prices. Offered furnished and move-in ready at $2,400,000 Explore the property virtually at www.missionrockouray.com. Note: Livable square footage is a net "paint-to-paint" measurement, exclusive of structural elements.