303 6th Ave, Ouray, CO 81427

Auctions: 12:00 PM 7/25/2013 Nominal Opening Bid: $250,000. Commercial building in the heart of the historic district of Ouray. The building is currently occupied by the Ouray Hotel on the second level and retail tenants on the street level. Immediate income earning opportunity for a new owner. Seller is also conveying the furnishings and equipment used to run the hotel. Historically known as the Hess-Stanislawski Block Building, the structure was built in 1893 in its present Queen Anne/Romanesque style. Many of its original features such as tin ceilings and windows/glass throughout the building are still in place and in very good condition. At various times over the years, the building has housed apartments, bars, restaurants and hospitality. The property has been held by the seller for 40+ years and was significantly renovated in 1993 to bring it up to code. This included new electrical, heat and plumbing in the first floor retail spaces, and sprinkler system on the second floor. Four triple-net tenants on the ground level are all long-term, stable occupants. The hotel is in its 20th season of operation. While it generally operates only in the summer months, Ouray is a year-round tourist destination and a new operator can realize investment upside by extending the hotel???s lodging season. There are 14 guest room units, each uniquely furnished with period antiques. Common areas include a laundry with two large electric washers and three electric dryers, a coffee area with ice machine and old-fashioned soda machine. All rooms are hard-wired with smoke detectors and fans. Total building space is approximately 11,200 square feet including a basement which has a private bath and two egresses. The owner of this historic hotel chose to auction this property and enjoy the certainty of a time-definite sale. Note: A Buyer's Premium (Buyer's Fee in WI) will apply for this property. Please see Terms of Sale for details. Broker Licenses: CO Travis Britsch RE LIC ER100034702; Williams & Williams RE LIC EC100036900