Commercial Sale · Active
Ouray, CO 81427
11 Baths · 4,986 Sq Ft
$2,673,000
Hotel/Motel
Property Type
0.15 acres
Lot Size
1979
Year Built
$536
Price per Sq Ft
830282
MLS #
About This Property
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.
319 days on market
Listed by CENTURY 21 Elevated Real Estate · 970-718-9009
Property Details
| Property Type | Commercial Sale |
| Sub Type | Hotel/Motel |
| Status | Active |
| Price per Sq Ft | $536 |
| MLS # | 830282 |
| Days on Market | 319 |
| Full Baths | 9 |
| Three-Quarter Baths | 2 |
| Year Built | 1979 |
| Lot Size (Sq Ft) | 6,534 |
| Acres | 0.15 |
| Annual Taxes | $18,859 |
| Tax Year | 2024 |
| State | CO |
| County | Ouray |
| Zoning | Commercial |
| Heating | Boiler |
| Cooling | Wall/Window Unit(s) |
| Flooring | Carpet, Tile, Wood |
| Parking Features | Off Street |
| Roof | Composition, Shingle |
| Sewer | Public Sewer |
| Water Source | Public |
| New Construction | No |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 3/16/2026 |
Price change Source: Colorado Real Estate Network (CREN) #830282 |
$2,673,000 -2.1% $536/sqft |
| 3/12/2026 |
Price change Source: Colorado Real Estate Network (CREN) #830282 |
$2,730,000 -7.5% $548/sqft |
| 12/5/2025 |
Listed for sale Source: Colorado Real Estate Network (CREN) #830282 |
$2,950,000 $592/sqft |
| 11/18/2025 |
Listed for sale Source: REcolorado® #9552270 |
$2,950,000 +96.7% $592/sqft |
| 5/3/2022 |
Sold Source: Telluride Association of REALTORS® #39196 |
$1,500,000 -6.0% $301/sqft |
| 2/15/2021 |
Listed for sale Source: Telluride Association of REALTORS® #39196 |
$1,595,000 $320/sqft |
SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.
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