118 6th Avenue

Black Bear Manor is a premier turnkey bed & breakfast located at 118 6th Street in the heart of Ouray. Offered at $2,950,000 with an 8.7% CAP rate, this beautifully maintained and extensively upgraded inn features ten well-appointed guest rooms, each with a private bathroom, and nine offering both interior and exterior entrances. Perfectly situated on a quiet dead-end street just steps from Main Street and the Uncompahgre River, the property provides guests with an ideal blend of peaceful mountain ambiance and walkable access to dining, shopping, and attractions. Recent 2024–2025 improvements include new Trex decking and balconies, a full exterior repaint, a complete remodel of Room 1 into a luxury honeymoon suite, two newly added staff lodging rooms, a fully refreshed observatory with new paint, carpet, and furniture, and a remodeled outdoor sitting area with a new fountain. Additional updates include upgraded furnishings and décor, parking lot regrading, rebuilt roof over the hot tub, drainage work, window and carpet updates, dining room enhancements, a new tool shed, and various bathroom and interior improvements. With its strong performance, established guest base, and flexible potential for either owner-occupancy or professional management, Black Bear Manor offers an exceptional opportunity for investors seeking a high-quality, income-producing asset in the “Switzerland of America.”

Listing Office: Century 21 Elevated Real Estate