118 6th Ave, Ouray, CO

Real Estate

For Sale

Listed price in listed location currency (USD).

$2,950,000

01112

MLS® 830282

Key Facts
Description
Map

Key Facts

Type Hotel-Motel

Levels Commercial Sale

Size 4986 sqft

Garage No

HOA Fees

Taxes $18,859

Days Active 1

Approx. Age 1979

Avg. Price Per Sqft $591

MLS® Number 830282

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, 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.

MLS® Number830282

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1979

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Computer System, Fixtures, Furniture, Inventory, Office Equipment, Trade Name

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Dec 5, 2025List Date

$2,950,000List Price

Commute

Commute

Starting Address

Destination Address

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