$3,703,730*
●
Commercial -
Off Market
1804 Main
Ouray, CO 81427
Studio
0 Bath
11960 Sqft
$2,331,000 - $2,849,000
Reference Base Price*
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Charles D Mueller, Ridgway Real Estate, Cell: ,
[email protected], www.ridgwayco.com: This unique lifestyle
opportunity enjoys a superb location, consistent income, great cap
rate and multiple income streams. The property itself rests between
the Uncompahgre Riverwalk and US 550. There are 11,960 SF in heated
space, a 19 room hotel, 12 cabins (2 deluxe), a rental office,
manager's quarters, gas station, car wash, convenience store, and a
successful jeep rental business - each contributing separate
revenue streams. Open year-round, and a favorite with ice
climbers/Jeepers/outdoor enthusiasts. There are numerous
opportunities to increase revenue on this property, such as; *Jeep
rentals could be increased by including Razor rentals. *On-line
presence could and should be dramatically improved. *Convenience
store can be enlarged. This would have convenient parking and
access. *Car wash could be adapted to be open year-round. *Quality
management team in place for an absentee owner. Property values are
increasing in this yet discovered fantastic mountain town.
Owners motivated and may carry. NDA required.RevPar can
be improved. It is a bit misleading since this hotel remains open
year round. Others close in winter thus making their average
occupancy higher. While the winter is generally less
lucrative, the Ouray Ice Climbing Park is getting an international
following and becoming more popular. Back Country skiing is
also becoming a significant attraction. Because the gas
station and convenience store require a real person to be present,
it is economical to also operate the hotel with the same person.
The area is becoming more of a year-round attraction,
especially with the completion of the remodeled Ouray Hot
Springs.
The manager has listed the unit size as 11960 square feet.
The manager has listed the unit size as 11960 square feet.
Unit Size
11,960Ft²
Days on Market
-
Land Size
1.30 acres
Price per sqft
$217
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1978
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 19, 2020 | Sold | $2,225,000 | |
Sold | |||
Mar 7, 2020 | No longer available | - | |
No longer available | |||
Mar 22, 2019 | Price Decreased |
$2,590,000
↓ $310K
(10.7%)
|
|
Price Decreased | |||
Oct 27, 2018 | Listed | $2,900,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/27/2018
|
|
Studio
|
-
|
11960 ft²
|
$2,900,000
Studio
-
11960 ft²
|
-
-
|
-
|
-
|