Description

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.

Details

MLS#751766
StyleHospitality
Sub-TypeResale
StatusActive
Year1978
Days On Site244

Features

SQ Feet11,960
Story(s)2
Units31
ZoningC2

Market Activity 81427

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Area Information

StateCO
CountyOuray
CityOuray
Zip Code81427
AreaOuray City
Listing VS Median (in 81427)
Price:
$2,590,000
low | high
Med:
$299,000
100% of Average
SqFt:
11,960
low | high
Med:
1,661
100% of Average
$ / SqFt:
$217
low | high
Med:
$189
62.509918229109% of Average
On Site:
244
low | high
Med:
141
100% of Average
Listing Updated: 06/25/2019
MLS Number: 751766
Listing Provided By:
Charles Mueller  of  Ridgway Real Estate



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