Ouray - Ridgway Real Estate

The Town of Ouray offers breath taking scenery. Nestled in a box canyon below 11,000 ft peaks, this 1870’s community has a population of 1010 active year round residents. With gold and silver mining roots, the city is located south of Ridgway and north of Silverton on the Million Dollar Highway and the Uncompaghre River. 210 degree+ geothermals below the town have supplied the Ouray Hot Springs with hot water for over 100 years. Dubbed “The Switzerland of America”, Ouray’s winter boasts of the largest ice climbing park in North America, free to climbers. The town’s population can grow to 2500 in the summer, as both visitors and summer residents come to enjoy the mountain life. Come check out Ouray and chances are you may stay for a lifetime.

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!

$1,595,000 Active

118 6th Avenue Ouray, Colorado

10 Baths 4,986 SqFt 0.160 Acres

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!

$1,595,000 Active

118 6th Avenue Ouray, Colorado

10 Beds 10 Baths 4,986 SqFt 0.160 Acres

Incredibly well built and appointed home in Ouray Colorado. Built by and for an engineer. The bones are concrete and steel. The interior is Cherry cabinets and built- ins, granite counters, and tile. The exterior concrete siding. See the world through huge windows with great views. Very private mountain setting yet in town with all City services. The floorplan will appeal to a broad range of people looking to live or invest in Ouray Enter into the Great Room, or if you are dusted in snow the mudroom/laundry room or garage entries will accommodate you. Vaulted ceilings amplify the spaciousness of the open floor plan in the living space and from the office. Private covered patio off the master which has two full size walk-in closets, a large soaking tub, a beautiful shower, and his and hers sinks. Mother-in-law unit downstairs with the beautiful landscaped patio out the separate entrance can be rented short or long term or reserved for your friends. Two car garage with all the mechanicals in a separate workshop room. Lots of storage throughout. Property is two lots that have been combined but could be made back into individual parcels. HOA covers road maintenance. This wonderful place comes fully furnished down to the silverware. If you appreciate quality you will love this house. The sellers have lived and worked remotely from here since 2004 and with Fiber Optics now in town this is even easier. As much as they enjoy the home they are looking to begin a new chapter of their lives travelling the world. Schedule a showing, in person or virtually, soon.

$1,500,000 Active

1558 Hinkson Terrace Ouray, Colorado

4 Beds 4 Baths 3,027 SqFt 0.860 Acres

Great location, with views and a large city lot! This home sits on a prime corner and comes with .29 acres. The assessor has the house as being built in 1914, but the owners have found proof the house was actually built in 1882 with additions added later. The house has a clean and dry basement/foundation. It has lots of potential to be adorable with a remodel, which could make this property shine! With the R-2 zoning you could also build a multi unit complex, subject to approval by the city. The foundation for the old jail sits at the back of the property where there is now a shed. The original carriage house still remains, along with a brick wall on the southside of the property that was once a part of the first brick building in Ouray. Lots of potential, great location and views to die for, come see it today!

$755,000 Active

507 2nd Street Ouray, Colorado

3 Beds 1 Baths 1,249 SqFt 0.290 Acres

This is a great potential development parcel. Wonderful lot along the Uncompahgre River and North Ouray Corridor trail. All utilities at the property line. Flat and totally usable. Great views of the river and surrounding mountains and mining structures. Zoned R2 which allows for single family or multi family structures.

$750,000 Active

Prcl 2 Oak Street Ouray, Colorado

0.530 Acres

Wow! Main St Ouray location with Development Potential. Zoned Commercial/Residential with all utilities. 2 City Lots. Possibility of Commercial Space on the bottom with Residential on top, a Bed and Breakfast, Townhomes, Restaurants, a Food Truck Park or your own personal Vacation Home. Ideal location for a Rooftop patio to listen to music in the park, and watch the fireworks and parades. 360 degree views from this property, with a private drive off main street and near the flume where you can hear the sound of running water. It is a VERY short walk to the park and hot springs or downtown for dining and shopping. Ouray Co is a sought after vacation destination for the outdoor enthusiast. Known as the Little Switzerland of America Ouray Co offers endless trails for jeeping, hiking, mountain biking, dirt biking, ice climbing, fishing, skiing, snowmobiling, hunting and the list goes on. Within close proximity to Telluride and Ridgway Reservoir. This is the ONLY lot available on Main St Ouray. Consider the possibilities.

$750,000 Active

940 Main Street Ouray, Colorado

0.160 Acres

July 1 update - EASY TO SHOW.. short notice okay! These two units, one zoned commercial and one zoned residential) have been combined into one 1140 square foot unit (currently used as residential) encompassing the entire first floor of the Sixth Avenue condos building just off of main street in the center of historic downtown Ouray. This opportunity offers tons of flexibility to create what works for you. Short term rentals permitted in this location. Currently set up a a 3 bedroom with a large living area, one bathroom and a small kitchenette. Seller has received approval to add a full kitchen and 2nd bathroom.

$470,000 Active

225 Sixth Avenue Ouray, Colorado

3 Beds 1 Baths 1,140 SqFt

TONS OF FLEXIBILITY. The entire first floor of the building, just off main street in the center of historic Ouray. Two condos, one zoned commercial and one zoned residential, have been combined into one 1140 square foot unit. The units are currently used as residential, but could be all or part commercial. This opportunity offers tons of flexibility to create what works for you. Short term rentals permitted in this location. Currently set up a a 3 bedroom with a large living area, one bathroom and a small kitchenette.

$470,000 Active

225 Sixth Avenue Ouray, Colorado

1 Baths 1,140 SqFt

Phenomenal views over town down main street and up to the Amphitheater, Twin Peaks, and the surroundings. Lot is ready to go with all utilities. Seller can build your plans or help you custom design your home

$280,000 Active

Lot A 2nd Avenue Ouray, Colorado

0.170 Acres

Wonderful lot along the Uncompahgre River and North Ouray Corridor trail. All utilities at the property line. Flat and totally usable. Great views of the river and surrounding mountains and mining structures. Zoned R2 which allows for single family or multi family structures. Additional lots are available. These are the only riverfront lots in Ouray. Property is part way through the subdivision process.

$250,000 Active

Lot 1 tbd Oak Street Ouray, Colorado

0.190 Acres

Wonderful lot along the Uncompahgre River and North Ouray Corridor trail. All utilities at the property line. Flat and totally usable. Great views of the river and surrounding mountains and mining structures. Zoned R2 which allows for single family or multi family structures. Additional lots are available. These are the only riverfront lots in Ouray. Property is part way through the subdivision process.

$250,000 Active

Lot 2 tbd Oak Street Ouray, Colorado

0.160 Acres

Wonderful lot along the Uncompahgre River and North Ouray Corridor trail. All utilities at the property line. Flat and totally usable. Great views of the river and surrounding mountains and mining structures. Zoned R2 which allows for single family or multi family structures. Additional lots are available. These are the only riverfront lots in Ouray. Property is part way through the subdivision process.

$250,000 Active

Lot 3 tbd Oak Street Ouray, Colorado

0.180 Acres

So many possibilities with this rare piece of land located in beautiful Ouray, CO - known as the Switzerland of America! Build your mountain dream home to be your permanent residence, 2nd home, or possible vacation rental. Maybe you are an investor looking to maximize the space with a 4 plex - this R-2 zoned land allows so many possibilities. Located on a very quiet, private street, this spot has it all, including mountain views. One street over lies the famous Uncompahgre River trail making it a perfect location for a walk or cross country skiing/snowshoeing. One can even take this trail into town (1 mile) and enjoy all the natural beauty along the way. In addition to the river trail, the property is steps away from hiking trails allowing a person to never have to drive to get out and explore the surrounding mountains. The Seller has preliminary drawings for a single family residence with an additional living space (extra space for guests, vacation rental, or long term tenant possibilities). Agent can share these plans. The Seller also has a rock fall mitigation plan from an Engineering Firm who completed their study on the property. Seller will be following this plan with the installation of a rock fall berm at their expense. This work will take place Spring 2022.

$240,000 Active

TBD Hinkson Terrace Ouray, Colorado

0.500 Acres

Build your dream home in the Colorado Mountains in Ouray! Phenomenal views over town down main street and up to the Amphitheater, Twin Peaks, and the surroundings. Lot is ready to go with all utilities. High speed fiber being installed in town. Make a change to a better lifestyle in a peaceful mountain town.

$240,000 Active

Lot B 2nd Avenue Ouray, Colorado

0.170 Acres

So many possibilities with this rare piece of land located in beautiful Ouray, CO - known as the Switzerland of America! Build your mountain dream home to be your permanent residence, 2nd home, or possible vacation rental. Maybe you are an investor looking to maximize the space with a 4 plex - this R-2 zoned land allows so many possibilities. Located on a very quiet, private street, this spot has it all, including mountain views. One street over lies the famous Uncompahgre River trail making it a perfect location for a walk or cross country skiing/snowshoeing. One can even take this trail into town (1 mile) and enjoy all the natural beauty along the way. In addition to the river trail, the property is steps away from hiking trails allowing a person to never have to drive to get out and explore the surrounding mountains. The Seller has preliminary drawings for a single family residence with an additional living space (extra space for guests, vacation rental, or long term tenant possibilities). Agent can share these plans. The Seller also has a rock fall mitigation plan from an Engineering Firm who completed their study on the property. Seller will be following this plan with the installation of a rock fall berm at their expense. This work will take place Spring 2022.

$199,500 Active

TBD Hinkson Terrace Ouray, Colorado

0.420 Acres

So many possibilities with this rare piece of land located in beautiful Ouray, CO - known as the Switzerland of America! Build your mountain dream home to be your permanent residence, 2nd home, or possible vacation rental. Maybe you are an investor looking to maximize the space with a 4 plex - this R-2 zoned land allows so many possibilities. Located on a very quiet, private street, this spot has it all, including mountain views. One street over lies the famous Uncompahgre River trail making it a perfect location for a walk or cross country skiing/snowshoeing. One can even take this trail into town (1 mile) and enjoy all the natural beauty along the way. In addition to the river trail, the property is steps away from hiking trails allowing a person to never have to drive to get out and explore the surrounding mountains. The Seller has preliminary drawings for a single family residence with an additional living space (extra space for guests, vacation rental, or long term tenant possibilities). Agent can share these plans. The Seller also has a rock fall mitigation plan from an Engineering Firm who completed their study on the property. Seller will be following this plan with the installation of a rock fall berm at their expense. This work will take place Spring 2022.

$199,500 Active

TBD Hinkson Terrace Ouray, Colorado

0.420 Acres

Nice lot within the City of Ouray limits. All utilities at the lot line and ready to build. Some nice trees and views. Walk to the Pool on the North Ouray Corridor trail system connecting to the virtually unlimited hiking on public lands. Vacation rentals are allowed in this area. Ready for your mountain dream home.

$199,000 Active

140 Fedel Court Ouray, Colorado

0.170 Acres

This exceptional lot has great views and a south facing aspect unmatched in town. It is a challenging lot to build on but the end result could be a trophy home site like no other. Close to Cascade Park and walking distance to everything in town.

$139,000 Active

tbd 6th Street Ouray, Colorado

0.160 Acres