10.5% projected CAP rate in 2021! This is the best income producing commercial property for sale in Ouray today. NOW IS YOUR CHANCE to Live/Work/Invest in one of the most beautiful mountain towns in the Rocky Mountain West! Occupying a premium location just 200 feet from the the Uncompahgre River near the bottom of 6th Avenue in downtown Ouray, the Black Bear Manor has been a successful, established business for almost 30 years...and in 2021 is recording all-time high reservation and revenue numbers. Purpose built as a Bed & Breakfast (not a retro fitted house), the Black Bear Manor is offered turn-key ready and fully furnished with everything necessary for a smooth take over. 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 offering includes the real property plus the operating business. This business is a TURN KEY OPERATION, with the opportunity to generate increased revenue through multiple avenues. At full asking price of $1,625,000 the Black Bear Manor is being offered at only $325 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 Listing Broker to arrange your personal tour and see the beauty of Ouray for yourself. You won't regret it!