210 7th AvenueOuray, CO 81427MLS Number 38556

  • Price: $1,325,000
  • 54 Days on Market
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Federal 30-year interest rate: 2.9% last updated on Sep 24, 2020
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  • 0Acreage
  • 8Bathrooms
  • 1891Year Built
  • 9,584Square Feet
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!
Listed by Jason K. Raible of LIV Sotheby's International Realty - Transfer Telluride

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More Info

Basic Information

  • Units14

Building

  • Est Unfinished Sq Ft2250
  • Full Bath4
  • Half Baths4
  • Year Built1891

Utilities

  • SanitationSewer
  • Utility Info Phone LinesRegular Phone
  • Utility Info Primary HeatGas Base
  • WaterCity

Amenities

  • Appliances IncludedCommercial Kitchen

Parking

  • ParkingOn Street

Location

  • AreaOuray - 74 (Major Area 70)
  • CountyOuray County
  • DirectionsFrom Main Street in downtown Ouray, turn downhill on 7th Avenue. Look for the stately white Victorian structure a block down on your right.
  • Major Area70
  • Special LocationNone
  • TownOuray

Property Information

  • Land Sq Ft5600

Other

  • Historical QualifctnContributing
  • View Count29

Basic Information

  • Bathroom8
  • Date Listed08/03/2020
  • DisclosuresNone
  • List Price$1,325,000
  • MLS Number38556
  • Property TypeCommercial
  • Source Sq FtAssessor
  • Square Feet9,584
  • StatusACT
  • Tax Year2017
  • Taxes$6,506
  • TypeCommercial Spaces

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