232 Main Street,Ouray, CO 81427
Ouray, CO 81427
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.
Details
| MLS # | 836066 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1888 |
| Days On Site | 69 |
| Listing Provided By | Wild West Realty, LLC | Lee Ann Parden |
Features
| Bath(s) | 5 Total |
|---|---|
| SQ Feet | 3,408 |
| Basement | Y |
| Story(s) | 3 |
| Units | 5 |
| Zoning | Commercial |
| Acreage | 0.10 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Hot Water, Natural Gas |
| Furnished | Furnished |
Exterior
| Roof | Architectural, Shingle |
|---|---|
| Foundation Details | Basement |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage, Off Street, Parking Spaces |
Utilities
| Utilities | Electricity Connected, Natural Gas Available, High Speed Internet Available |
|---|
Other
| List Aor | Montrose Association Of Realtors |
|---|
Area Information
| State | CO |
|---|---|
| County | Ouray |
| City | Ouray |
| Zip Code | 81427 |
| Area | Ouray City |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $1,695,000 low | high Med: $562,500 sqft: 3,408 low | high Med: 2,519 $ / sqft: $497 low | high Med: $253 On site: 69 low | high Med: 202.5 | |
Market Activity 81427
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Learn More About This Property
| State | CO |
|---|---|
| County | Ouray |
| City | Ouray |
| Zip Code | 81427 |
| Area | Ouray City |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $1,695,000 low | high Med: $562,500 sqft: 3,408 low | high Med: 2,519 $ / sqft: $497 low | high Med: $253 On site: 69 low | high Med: 202.5 | |
