118 6th Avenue
Ouray, CO, 81427 $ 2,950,000
Bedrooms-- Baths-- Sq 4,986 Monthly Estimate*
$ 18,164
Listed by Century 21 Elevated Real Estate
for $2,950,000. This 4,986 square foot building was built in 1979 on a lot size of 0.15.
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.”
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FeaturesGeneralSewer Public Sewer
Utilities Cable Available Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Connected Sewer Connected
Possession Closing/DOD
Roof Composition
Zoning R2
Garage Spaces 0
Architectural Style Chalet
Construction Materials Frame Wood Siding
Exclusions None.
Year Built 1979
Stories Count 3
Property Subtype Special Purpose
Tax Year 2024
Current Use Commercial
Gross Income 411941
County Ouray
Operating Expense 139563.36
Property Type Commercial Sale
Attached Garage N
Building Features Fixtures/Equipment Included
Status Active
Directions Main Street (Hwy 550) south to 6th Avenue turn right (W) and proceed to the property two blocks down on the right (North side of the street).
City Ouray
Number Of Units Total 12
Lot Size Units Square Feet
Lot Size Square Feet 6665
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 18859
Lease Considered Y/N N
Virtual Tour https://my.matterport.com/show/?m=k9C8x8jeRMd
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Vacant
Cap Rate 8.77
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ExteriorParking Features Gravel
Lot Features Cul-De-Sac
Water Source Public
Total Parking 12
Lot Size Area 6665
Building Area Total 4986
Lot Size Acres 0.15
Road Surface Type Gravel
Road Frontage Type Private Road
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByCentury 21 Elevated Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $18,164
- Monthly Property Taxes
- $1,572
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Ouray, CO
Average List Price $2,950,000
Percent of Sale Price 0%
About Ouray, CO 970 Population
33% Since 2002
$ 62,896 Median Income
49.57 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/19/2025 | $2,950,000 | | Listed Price |