Location! Location! Location! Exceptional investment opportunity in the heart of beautiful Ouray, Colorado, otherwise known as the Switzerland of America, situated directly on Main Street and within easy walking distance to restaurants, shops, hot springs, hiking trails, world renowned Via Ferrata and Ice Climbing Park and all the attractions that make Ouray one of Colorado's most desirable mountain destinations. Originally built in 1888 and thoughtfully remodeled from top to bottom in 2019, this historic property seamlessly blends timeless character with modern comfort and convenience. The building features five separate turnkey 1-bedroom, 1-bath apartments, each equipped with a full kitchen and furnished for immediate operation. Current reservations and future bookings can transfer to the new owner, providing instant income potential from day one. Guests enjoy one of the "best seats in the house" from the expansive upper balcony, offering spectacular views of Ouray's renowned July 4th and New Year's Eve fireworks shows, along with breathtaking mountain scenery year-round. This property is truly an Investor's Dream, offering strong performance and attractive returns with a 6.6% CAP Rate and priced to sell. Additional features include a detached two-car garage with a large storage area above, plus abundant off-street guest parking behind the building. A significant advantage is that the property is not subject to City of Ouray short-term rental permit requirements, STR taxes, or related operational guidelines due to its zoning and tax classification, creating a rare and valuable opportunity in a market with increasing STR regulations. Whether you're seeking a proven income-producing asset, a legacy investment, or a premier hospitality property in one of Colorado's most picturesque mountain towns, this exceptional Main Street offering delivers location, income, flexibility, and historic charm in one remarkable package.
Positioned for flexibility, scale, and long-term value, 280 7th Avenue offers a rare opportunity to secure a substantial commercial property in the heart of Ouray, Coloradoâ??one of the most recognizable and sought-after mountain towns in the San Juan Mountains. Large commercial square footage is increasingly difficult to find in small mountain communities, making this property especially compelling for an owner-user, investor, or business operator looking for room to grow. Located within Ourayâ??s C-1 Commercial District, the zoning is intended to encompass the Cityâ??s commercial business district and accommodate retail, office, service-based businesses, residential uses, and institutional uses consistent with a traditional downtown business district. That flexibility creates a strong foundation for a wide range of possibilities, including professional office, medical, showroom, retail warehouse, restaurant, bar/lounge, light manufacturing, mixed-use, or other commercial concepts, subject to applicable approvals and buyer due diligence. Ourayâ??s economy is powered by a unique blend of year-round tourism, outdoor recreation, local services, and destination-based business demand. Known as the â??Switzerland of America,â? Ouray draws visitors for its hot springs, hiking, waterfalls, Jeep and off-road trails, ice climbing, scenic drives, historic downtown, and unmatched mountain setting. This natural beauty is not just the backdropâ??it is an economic driver that supports local businesses serving both residents and visitors. The propertyâ??s functional commercial layout, utility infrastructure, and adaptable building features create an ideal platform for immediate use, expansion, or future repositioning. With public sewer, electric, natural gas, water service, and single-phase power identified, along with general office/commercial/mixed-use features, the property offers the practical backbone businesses need in a market where flexible commercial space is limited. Whether your vision is to establish a headquarters, expand an existing operation, create a destination retail or service-based business, or hold a flexible commercial asset in a supply-constrained mountain market, 280 7th Avenue delivers the scale, zoning, infrastructure, and location that are hard to duplicate. 280 7th Avenue is more than a buildingâ??it is a foothold in one of Coloradoâ??s most beautiful, resilient, and opportunity-rich mountain communities. The property is currently divided into two units. The office space is currently listed for lease and is vacant. The second unit is occupied month to month by Ouray Mountain Guides and the rent is $500 per month plus utilities and property taxes. The two units used to be one large retail space and could easily be opened back up to accommodate a large user.
Exceptional Main Street Opportunity in the Heart of Ouray Positioned along one of the most sought-after blocks in Ouray's historic downtown, this unique commercial space offers incredible flexibility, strong visibility, and endless potential. This well-established property has a long history of successful restaurant use and is now ready for its next chapter. The main level features an inviting layout with two public entrances, expansive front windows, and a warm, open atmosphere. Inside, you'll find a spacious dining or retail area with hardwood floors, a gas fireplace, and soaring tongue-and-groove ceilings that create a welcoming, alpine-inspired setting. The commercial kitchen is fully equipped and ready for immediate use, making this an ideal turnkey opportunity for a restaurant, caf, or other hospitality concept. A private residential suite is also incorporated into the space, complete with a Murphy bed, full bathroom, walk-in closet, and separate entrance. This setup allows for true live/work convenience or the option for additional income through short-term or long-term rental (subject to HOA and town approval). For those with a different vision, there is also potential to convert the space into a residential condo, offering a rare opportunity to create a one-of-a-kind downtown living experience in one of Colorado's most picturesque mountain communities. Outdoor space adds even more appeal, with Main Street sidewalk seating and an additional private patio area along the north side, perfect for dining, display, or gathering space. In total, the property offers approximately 2,000 square feet of versatile use. All furnishings, fixtures, and equipment are included, allowing for a seamless transition for the next owner. Whether you're dreaming of a boutique restaurant, retail shop, gallery, or a unique downtown residence, this property offers unmatched location, charm, and opportunity. Experience the energy of Ouray, known as the Switzerland of America, with year-round tourism, stunning mountain views, and a vibrant local community right outside your door.
Prime Main Street Retail in Ouray! Prime retail space on Ouray's high-traffic Main Street with exceptional pedestrian exposure, drawing tens of thousands of visitors each year. Tall ceilings, custom entry doors and display windows create an inviting storefront. The space is fully modernized with fiber internet, electric, plumbing, fire-suppression, and forced-air heating and air conditioning. Successfully operated year-round for over 10 years, with space ready for a new owner's vision. Real estate only. Business and FF&E not included in sale.
Courtesy: Century 21 Elevated Real Estate
Daniel Bishop
970-216-4622
Black Bear Manor is a premier turnkey bed & breakfast located at 118 6th Street in the heart of Ouray. Offered at $2,950,000 with an 8.7% CAP rate, this beautifully maintained and extensively upgraded inn features ten well-appointed guest rooms, each with a private bathroom, and nine offering both interior and exterior entrances. Perfectly situated on a quiet dead-end street just steps from Main Street and the Uncompahgre River, the property provides guests with an ideal blend of peaceful mountain ambiance and walkable access to dining, shopping, and attractions. Recent 2024–2025 improvements include new Trex decking and balconies, a full exterior repaint, a complete remodel of Room 1 into a luxury honeymoon suite, two newly added staff lodging rooms, a fully refreshed observatory with new paint, carpet, and furniture, and a remodeled outdoor sitting area with a new fountain. Additional updates include upgraded furnishings and décor, parking lot regrading, rebuilt roof over the hot tub, drainage work, window and carpet updates, dining room enhancements, a new tool shed, and various bathroom and interior improvements. With its strong performance, established guest base, and flexible potential for either owner-occupancy or professional management, Black Bear Manor offers an exceptional opportunity for investors seeking a high-quality, income-producing asset in the “Switzerland of America.”
Prime Commercial/Mixed-Use property located on the best side of Main Street right in the core of Ouray! This is Unit #3 of the Spaulding Condominiums, a cleverly designed residential and commercial complex with sensible guidelines. This unit has been a favorite restaurant for decades! The main core includes two entry areas off the west patio area. The south portion includes the reception/ordering area, with cases for ice cream, pastries and beverages and the main kitchen located behind. You'll especially like the tin raised ceilings. The north side of the building is a comfortable dining area with hardwood floors, oversized windows, a cozy natural gas fireplace and 12 foot high tongue and groove ceilings. There are doors opening to a private residential space, which opens up possibilities(check with HOA and Town) for long and short term rentals as well as the very hard to find Live/Work configuration. This space currently has a murphy bed, and the door in the back opens to a bathroom with shower and a walk-in closet that has additional storage space above. There is significant additional space included with the unit-in addition to the 1304 square feet. There is seating space out front on the sidewalk side, and the entire northern part of the building includes a concrete patio space that is part of the unit's ownership. In all, this brings the usable space to roughly 2000 square feet. Additionally, there's a full length storage room near the back that the unit shares, and common areas provide access to the back. Any and all former restaurant aspects of this beautiful building are excluded from the sale. The former name and business aspects of the restaurant are not included. The restaurant equipment and furnishings are available outside of the sales contract. Also-the ski lift seat outside will be retained by the Sellers. While this space has been perennially used as a restaurant, there are so many other uses. Professional Office Space, Retail Sales, manufacturing, Tours and Outdoor Sales, Art Studio, Ice Cream Parlor and other restaurant ideas are just a start. You've been looking for that opportunity create or expand your creative vision in the Switzerland of America! Here's a way to do it in an ideal space where you can move right in. Call for more information today!
INVESTOR'S DREAM! This unique property has a current Cap Rate of approximately 15% with current listing price. The property, originally constructed in 1888 and completely renovated in 2019, has 5 separate, private 1 bedroom/1 bath apartments approximately each 450 sq feet. Each apartment comes completely furnished with a full kitchen and all its kitchenware. It is completely turnkey. Currently 4 of the 5 apartments are short term vacation rentals and 1 has a long-term tenant in it. (No Lease) Also included is a 2 car detached garage with storage above. Located on the very popular Main Street in beautiful Ouray, CO, otherwise known as the Switzerland of America, this place is in the perfect location and walking distance to shops, restaurants, hiking trails, hot springs, Ice Park, Via Ferrata, mountain climbing and more. With its unique balcony sitting over Main St, there isn't a better place to view the extraordinary fireworks display with mountain background on the 4th of July and NYE! This place has endless possibilities! Give us a shout!
Don't miss this once in a lifetime Opportunity to own this Boutique Hotel known as the Historical Beaumont Hotel. Sitting downtown Beautiful Ouray, CO, this Luxurious Hotel is such a large part of the History of this small quaint Colorado town known as ''Switzerland of America'' being surrounded by the Mountain Ranges of he San Juans. The Beaumont was built in 1886 and went through a major renovation from 1998-2003 with an investment up to $24 Million. More importedly was the preservation of the historical detail of the Hotel which you will see throughout the building. Boutique, with fifteen rooms and yet 30,000+ square feet of space which includes a Spa with multiple treatment rooms, Conference Room, Private Martini Lounge, Ball Room perfect for events, Restaurant and courtyard.
TONS OF FLEXIBILITY. The entire first floor of the building, just off main street in the center of historic Ouray. Two condos, one zoned commercial and one zoned residential, have been combined into one 1140 square foot unit. The units are currently used as residential, but could be all or part commercial. This opportunity offers tons of flexibility to create what works for you. Short term rentals permitted in this location. Currently set up a a 3 bedroom with a large living area, one bathroom and a small kitchenette.
Wonderful opportunity to own the iconic Flagship of the San Juans, the luxurious Beaumont Hotel & Spa. Revenues up each of the last 4 years. Built in 1886 & meticulously restored in 1998-2003 with estimates up to $24 million invested in saving & preserving much of the historic detail & it remains in pristine condition. 30,000+ square feet of space, with multi-room spa, restaurant, glamorous martini bar & ballroom, conference room, 3 leased Main Street Retail spaces, large patio, 15 guestrooms & so much more. This property must truly be seen to be appreciated. Turnkey. Past guests include Theodore Roosevelt, Herbert Hoover, Oprah Winfrey & many other dignitaries. Numerous Awards from Conde Nast, Trip Advisor & others. Stake your claim on a piece of Colorado history!
Andrea Conner, Colorado License # ER.100067447, Xome Inc., License #EC100044283, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Ouray is located in Colorado. Ouray, Colorado has a population of 1,009. Ouray is more family-centric than the surrounding county with 21.53% of the households containing married families with children. The county average for households married with children is 21.16%.
The median household income in Ouray, Colorado is $65,647. The median household income for the surrounding county is $67,228 compared to the national median of $69,021. The median age of people living in Ouray is 49.2 years.
The average high temperature in July is 77.4 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 24.3 inches per year, with 133.6 inches of snow per year.
