Property Description

11% CAP rate in 2021! Live/Work/Invest in beautiful Ouray. 9 diverse guest rooms spread across two floors with private bathrooms and direct access to the outside plus spacious common areas and onsite owner/manager quarters. Almost 5000 livable square feet on a large lot with wrap around decks and a big basement. A premium quiet location just 200 feet from the Uncompahgre River 2 blocks from Main Street in downtown Ouray. Purpose built as a Bed & Breakfast (not a retro fitted house), the Black Bear Manor is recording record occupancy & revenue numbers in 2021. Business & real property now offered turn-key ready and fully furnished with everything necessary for a smooth take over. Offered at only $319 PER FINISHED SQUARE FOOT - a tremendous value for an asset of this size and location. The Black Bear Manor B&B has a solid history of stellar reviews, including a 5 Star Rating and a Certificate of Excellence from TripAdvisor. Repeat guests are common and updated books supports asking price with a strong CAP. Center of town location on 6th Avenue makes for an easy walk to downtown shopping and restaurant district, as well as the new Ouray Via Ferrata and the world-famous Ouray Ice Park. This property features: • 1696 sq. ft. wrap-around deck with picnic tables, a porch swing, umbrellas, café-style outdoor seating, and a 24-hour guest hot tub. • 3rd Floor Observatory/game room provides a panoramic view of the surrounding cliffs and mountain peaks, including the Amphitheater, Mt. Hayden, US Mountain and Mt. Abrams, just to name a few. • On-site and off-site parking. • 100-year multicolored, concrete tile roof. • Nine fully furnished, uniquely decorated guest rooms, some with fireplaces and whirlpool tubs. • Owner/Manager quarters could be converted into a 10th guest room if so desired. • All rooms feature their own private bathroom and external entrance for convenience and easy ingress/egress. • Owner/Manager quarters could be converted into a 10th guest room if so desired • Large laundry Room with Commercial Dryer • Large basement for storage, a workshop, or future expansion. • Kitchen features a gas Viking stove, complete with dual ovens and a griddle, making this a baker’s dream. Large freezer, baker’s rack, commercial refrigerator, and pantry with additional storage. • Many upgrades, including new flooring, window coverings, updated boiler and plumbing, just to name a few. This business is a TURN KEY OPERATION, with the opportunity to generate increased revenue through multiple avenues. At full asking price of $1,595,000 the Black Bear Manor is being offered at only $319 per finished square foot - a TREMENDOUS VALUE for a large asset in a central downtown location. Click on the Matterport 3-D virtual walk-through in the link below to see all guest rooms and common areas. Nothing beats seeing it in person...contact Broker to arrange your personal tour and see the beauty of Ouray for yourself. You won't regret it!