$1,325,000

210 7th Avenue

Ouray CO, 81427

Description

Built in 1892 on Seventh Avenue near Second Street in beautiful downtown Ouray, Colorado is the Historic Western Hotel & Saloon, one of the largest and oldest wooden hotels from Colorado's storied early mining era. Now, 127 years after its grand opening, the Western is ready to be taken into the future. The rich legacy of the Western makes it a perfect asset for the historic preservationist, the hotelier/restauranteur or a creative redeveloper. Because the Western is a contributing property to the Ouray Historic District on the National Register of Historic Places, there is a 35% state tax credit and 20% federal state tax credit for renovation work. You can potentially get $.55 back in tax credits on every $1 spent on qualified restoration work. +/- 15,000 gross square feet under roof!

Details

MLS#36044
StyleIndustrial
Sub-TypeResale
StatusActive
Year1891
Days On Site506

Features

SQ Feet9,584
Story(s)1
Units14

Loading Form

Loading Form

Area Information

StateCO
CountyOuray County
CityOuray
Zip Code81427
AreaOuray
Listing VS Median (in 81427)
Price:
$1,325,000
low | high
Med:
$350,000
100% of Average
SqFt:
9,584
low | high
Med:
0
100% of Average
$ / SqFt:
$138
low | high
Med:
$0
100% of Average
On Site:
506
low | high
Med:
470
100% of Average
Listing Updated: 11/13/2019
MLS Number: 36044
Listing Provided By:
Jason K. Raible  of  LIV Sothebys International Realty
Real Estate Links Our Domains