118 6TH Ave - Hospitality FOR SALE


Ouray, CO 81427
$2,950,000 USD
970-615-0201
118 6TH Ave, Ouray, CO for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/59
null | 8.77% Cap Rate

118 6TH Ave
Ouray, CO 81427


HIGHLIGHTS

  • fully turn-key hospitality business — including real estate, furnishings, and operational setup
  • just 2 blocks from Main Street, walking distance to downtown shops, river, and the Uncompahgre River.
  • well reviewed

OVERVIEW

Offered at $2,950,000 | 8.7% CAP Rate. Black Bear Manor features ten tastefully appointed guest rooms and two staff rooms, each offering a full private bathroom, 9 out of 10 offer interior and exterior private entrances for privacy and comfort. Property Improvements: Significant capital improvements have been completed, ensuring the inn is in top condition and ready for continued success. Highlights include: New Trex decking and balconies throughout the property Exterior fully repainted for a fresh, inviting curb appeal Complete transformation of Room 1 into a luxurious honeymoon suite, featuring a fully gutted and remodeled bedroom and bathroom Two new staff lodging rooms added (one behind the kitchen and one behind the observatory, the latter fully gutted and remodeled) Full remodel of the observatory, with all new paint, carpet, furniture, and removal of the former bar setup Kitchen Remodel Outdoor sitting area fully remodeled, featuring a new fountain installation Upgraded furniture, décor, and supplies throughout Parking lot regraded and improved for proper drainage Roof rebuilt over hot tub Backhoe and drainage work completed around the property Window and windowsill repairs, along with fresh paint and new carpet in multiple units Dining room enhancements, including new countertops and furniture New tool shed constructed for additional storage New ceiling fans, refreshed paint in several rooms, and bathroom upgrades

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$592 USD /SF

# OF ROOMS

9

PRICE/ROOM

$327,778 {currency}

CAP RATE

8.77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Bear Manor

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

4

APN/PARCEL ID

R000887

ASK ABOUT THIS PROPERTY

Rachel JustmanCentury 21 CapRock Real Estate, LLCMore Info
970-615-0201

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Rachel JustmanCentury 21 CapRock Real Estate, LLCMore Info
970-615-0201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.