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$ 1,695,000
Est. payment | /mo
5 Baths
3,408 SqFt
$ 1,695,000
Est. payment | /mo
5 Baths
3,408 SqFt
Key Details
Property Type Commercial
Sub Type Multi-Use w/Res
Listing Status Active
Purchase Type For Sale
Square Footage 3,408 sqft
Price per Sqft $497
MLS Listing ID 836066
Full Baths 5
Year Built 1888
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Multi-Use w/Res
Property Description
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.
Location
State CO
County Ouray
Interior
Heating Boiler
Furnishings Furnished
Exterior
Parking Features Off Street, 2-10 Total Spaces, Garage
Utilities Available Electric, Internet, Natural Gas
Roof Type Architectural Shingles
Building
Story 3
Foundation Basement-Walk-Out
Sewer Public Sewer Installed
Water Public, Water Installed
New Construction No
Listed by Wild West Realty, LLC
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