$2,475,000

303 6th Avenue

Ouray CO, 81427

Description

Once in a lifetime turn-key opportunity!!! You will find this hotel in charming and historic Ouray also known as Little Switzerland of America. This one of a kind boutique hotel offers additional retail rental spaces as well. Built in the heyday of the mining boom in 1893 and right in the middle of town, it gives you walking distance to all the restaurants, shops and amenities of Ouray. Complete renovation and remodel done in 1993 to assure the building was in compliance with the current building and safety codes. The last five years have seen cosmetic and logistical upgrades throughout. Updated bedding, mattresses, towels, down pillows, lamps, light fixtures as well as internet and phone system. The unique antique furniture has been restored to its original beauty. The entire second floor hotel has new carpet as of November, 2019. The lobby area is custom built so that the front desk matches the historic staircase and gives you continuity of dcor throughout. This impressive building includes three retail units on the street level, one retail unit in basement with separate, covered stair entrance, on corner of 6th and Main and one additional small retail space, in back of lobby, on street level for a total of 5 units in addition to the 14 room boutique hotel on the second floor. All of the comfy 14 hotel rooms have a private bathroom which has been beautifully renovated complete with heated tile floors. Retail spaces are all currently occupied with existing leases in place. This will be your dream job/business. The charming and historic boutique hotel brings the guests back year after year. You grab up this deal and just take over the existing systems and business in place which includes the impressive website - and settle in to this amazing community. Its a beautiful place to call home and such a promising opportunity - must be seen to believe!

Details

MLS#767681
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1893
Days On Site13

Features

SQ Feet13,567
Story(s)3
Units19
ZoningCOM-LODGING

Market Activity 81427

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Area Information

StateCO
CountyOuray
CityOuray
Zip Code81427
AreaOuray City
Listing VS Median (in 81427)
Price:
$2,475,000
low | high
Med:
$279,000
100% of Average
SqFt:
13,567
low | high
Med:
0
100% of Average
$ / SqFt:
$182
low | high
Med:
$0
100% of Average
On Site:
13
low | high
Med:
51
25.490196078431% of Average
Listing Updated: 03/30/2020
MLS Number: 767681
Listing Provided By:
Kari Girard  of  Ponderosa Real Estate The Source For Real Estate



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