118 6th Avenue, Ouray, CO 81427
Ouray County
Key Facts
Description
Black Bear Manor is a premier turnkey bed and breakfast offered at $2,950,000 with an impressive 8.7% CAP rate with a10.5% CAP projected for 2026. Ideally located at the end of a quiet dead-end street just steps from Main Street and theUncompahgre River, this beautifully maintained inn offers guests the perfect blend of mountain tranquility and walkable accessto the heart of Ouray. The property features ten well-appointed guest rooms, each with a private bathroom and both interiorand exterior entrances in 9 of the 10 rooms, providing comfort, privacy, and an efficient layout for owner-operators orhospitality investors. The inn has benefited from extensive 2024–2025 improvements, including all-new Trex decking andbalconies, a full exterior repaint, and the complete transformation of Room 1 into a luxurious honeymoon suite. Additionalupgrades include two new staff lodging rooms, a full remodel of the observatory with fresh paint, carpet, and furnishings, anupdated kitchen, a redesigned outdoor sitting area with a new fountain, upgraded décor and supplies throughout, improvedparking lot drainage, a rebuilt roof over the hot tub, drainage and backhoe work around the property, window and sill repairs,new carpet and paint in multiple rooms, dining room enhancements with new countertops and furniture, a new tool shed, andrefreshed bathrooms and ceiling fans. These thoughtful updates, combined with the property’s strong reputation andestablished guest base, create a rare opportunity for an owner-operator seeking onsite living and strong income potential or aninvestor looking for a profitable, professionally managed asset. With peaceful riverside ambience, mountain views, andimmediate access to dining, shopping, and attractions in Ouray’s historic district, Black Bear Manor offers a truly exceptionallodging experience in the “Switzerland of America.” Information deemed reliable but not guaranteed. Buyer to verify all tosatisfaction. Terms subject to change without notice.
Property Information
Property Type
Commercial Sale
Sub-Type
Hotel/Motel
Year Built
1979
Living Area
4,986 sq ft
Lot Size
0.15 acres
Parking Spaces
12
MLS® Listing#
830282
Property Features
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$18,859
Tax year 2024
Parcel Number
451531214004
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).
Affordability Calculator
$534,600
Estimated monthly payment
$14,227/mo
Principal $2,138,400 · Est. interest $2,983,258 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ouray, CO
- $900,000
- Median Listing Price
- 74
- Median Days on Market
- 1,984
- Median Sq Ft
- $480
- Median Price / Sq Ft
- 32
- Active Listings
- This home’s price is 197% above the area median.
- Its price per sq ft is 12% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ouray, CO.
Location
Points of Interest in Ouray, CO
Showing the Ouray area map.
Nearby Schools
Ouray Public Schools
Secondary · 0.3 mi away
Mountain Sprouts Preschool
School · 9.4 mi away
Telluride Elementary School
Elementary · 9.6 mi away
Telluride School District
Elementary · 9.7 mi away
Telluride Academy
School · 9.7 mi away
Telluride High School
Secondary · 9.7 mi away
Telluride Intermediate School
Elementary · 9.8 mi away
Ridgway School District R-2
School · 10.3 mi away
Ridgway Elementary School
Elementary · 10.3 mi away
Ridgway High School
Secondary · 10.8 mi away
Ridgway School District R-2
School · 10.8 mi away
Telluride Mountain School
School · 12.4 mi away
Silverton Public School
Secondary · 14.5 mi away
Lake City Community School
School · 19.5 mi away
Cottonwood Elementary School
Elementary · 30.8 mi away
Vista Charter School
Secondary · 32.4 mi away
Pope John Paul II Academy
School · 32.5 mi away
Colorado West Christian School
School · 32.6 mi away
Columbine Middle School
Secondary · 32.7 mi away
Pomona Elementary School
Elementary · 32.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 115, 117 & 119 7th Avenue, Ouray, CO | $2,400,000 | 7 | 6 | 4,285 |
| 3543 Highway 550, Ouray, CO | $2,699,000 | 9 | 6 | 4,593 |
| 529 4th Street, Ouray, CO | $2,699,000 | 5 | 4 | 4,526 |
| 118 6th Avenue, Ouray, CO | $2,950,000 | — | — | 4,986 |
Moving Cost Estimate
Listing Courtesy: CENTURY 21 Elevated Real Estate - C: 970-718-9009
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Real Estate listings held by companies other than CENTURY 21 Elevated Real Estate contain that company's name.
Fair Housing Disclaimer
Date Last Updated
.
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PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.