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525 2nd Street

Ouray, CO 81427
  • $2,950,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 794360
UPDATED: 43 min ago
$2,950,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 7,275
    SQFT
  • $405
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1994
County:
Area:

School Ratings & Info

Listing courtesy of Wild West Realty, Llc.


Description

The China Clipper Inn Bed and Breakfast offers luxurious lodging accommodations in the heart of beautiful Ouray, CO, otherwise known as the Switzerland of America. The China Clipper Inn was custom designed as an Inn featuring classic details, quality, comfort and privacy. Twelve rooms, and one new apartment on the lower level, are available to guests, each providing elegant and luxurious lodging accommodations. Built from scratch by Earl Yarbrough, a Navy Commander and avid maritime enthusiast, in the 1990's and opened in 1995, the China Clipper Inn, was designed to emulate it's Victorian, historic neighbors and retain the architectural vintage and character of the town. Most of the rooms are named after famous Clipper ships. With fine mountain views from most rooms, the China Clipper Inn offers all the intimate amenities of an inn and the conveniences and privacy of a fine hotel. The Inn was recently (March 2022) voted the Best BNB in the state of Colorado by Wall Street and has also been voted the Best BNB in Ouray County for 2022 and 2020 (no voting took place in 2021). One of the things that makes it so special is it has something for every type of guest and each room is unique and different. There are 7 different room types to choose from, some having fireplaces, whirlpool tubs, and there is even a garden area with a hot tub for general use. The Inn has 2 lovely common areas with fireplaces and a library, and a strikingly elegant dining room, complete with a walk out glass patio for dining. The Inn has an excellent location being 1 block from Main Street and walking distance to all Ouray's unique shops, restaurants, hiking trails, hot springs, Via Ferrata, Ice Park, and so much more. In the winter months, the China Clipper has been said to resemble a Hallmark movie with its romantic, magical architecture up against the snow. Ouray was voted the Outdoor Recreation Capital of Colorado so it is truly a year round adventure for tourists. It is also close to skiing in Telluride and Durango, and has crosscountry skiing right in the area, along with snow shoeing and ice skating. The Inn is currently owner operated and is projecting a 10% cap rate for 2022 - all while allowing the owners to close the Inn approximately 4 months of the year for personal time and vacations. In addition, the current owners have shown a 25% growth in revenue since 2019. The Inn comes turnkey with few exclusions. The wonderful owners' quarters is approximately 900 square feet with 2 Bedrooms, 1 Bath, Living Room, Dining Room, and large kitchen. It has all been updated by the current owners, along with the new apartment which is now added to the room inventory. If you have always wanted to live, work, and play in one of Colorado's most beautiful towns, this is your chance. Give us a shout for more detail!

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-06-26T21:57:10.54.
www.thehowegroup.co/homes/129533515
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525 2nd Street Ouray, CO 81427

  • Price: $2,950,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 43 min ago
  • MLS #: 794360
0
Beds
14
Baths
0
½ Baths
0.2
Acres
7,275
SQFT
$405
$/SQFT
1994
Built
Neighborhood:
Ouray City
County:
Ouray
Area:
Ouray City
Property Description
The China Clipper Inn Bed and Breakfast offers luxurious lodging accommodations in the heart of beautiful Ouray, CO, otherwise known as the Switzerland of America. The China Clipper Inn was custom designed as an Inn featuring classic details, quality, comfort and privacy. Twelve rooms, and one new apartment on the lower level, are available to guests, each providing elegant and luxurious lodging accommodations. Built from scratch by Earl Yarbrough, a Navy Commander and avid maritime enthusiast, in the 1990's and opened in 1995, the China Clipper Inn, was designed to emulate it's Victorian, historic neighbors and retain the architectural vintage and character of the town. Most of the rooms are named after famous Clipper ships. With fine mountain views from most rooms, the China Clipper Inn offers all the intimate amenities of an inn and the conveniences and privacy of a fine hotel. The Inn was recently (March 2022) voted the Best BNB in the state of Colorado by Wall Street and has also been voted the Best BNB in Ouray County for 2022 and 2020 (no voting took place in 2021). One of the things that makes it so special is it has something for every type of guest and each room is unique and different. There are 7 different room types to choose from, some having fireplaces, whirlpool tubs, and there is even a garden area with a hot tub for general use. The Inn has 2 lovely common areas with fireplaces and a library, and a strikingly elegant dining room, complete with a walk out glass patio for dining. The Inn has an excellent location being 1 block from Main Street and walking distance to all Ouray's unique shops, restaurants, hiking trails, hot springs, Via Ferrata, Ice Park, and so much more. In the winter months, the China Clipper has been said to resemble a Hallmark movie with its romantic, magical architecture up against the snow. Ouray was voted the Outdoor Recreation Capital of Colorado so it is truly a year round adventure for tourists. It is also close to skiing in Telluride and Durango, and has crosscountry skiing right in the area, along with snow shoeing and ice skating. The Inn is currently owner operated and is projecting a 10% cap rate for 2022 - all while allowing the owners to close the Inn approximately 4 months of the year for personal time and vacations. In addition, the current owners have shown a 25% growth in revenue since 2019. The Inn comes turnkey with few exclusions. The wonderful owners' quarters is approximately 900 square feet with 2 Bedrooms, 1 Bath, Living Room, Dining Room, and large kitchen. It has all been updated by the current owners, along with the new apartment which is now added to the room inventory. If you have always wanted to live, work, and play in one of Colorado's most beautiful towns, this is your chance. Give us a shout for more detail!
Exterior Features

Acreage Range Less Than 1/2 Carport No Lot Dimension Approx 55X160 Parking On Street2-10 Total SpacesIn Rear Of Building Property Description Wooded Lot Roof Architectural Shingles Sewer Public Sewer Installed Stories 2 Street Description City/Town Water Public Water Well No Waterfront YN No

Interior Features

Cooling Type Window A/C Unit(S) Finished Sq Ft 7275 Flooring CarpetLaminateTileVinylWood Foundation Basement-Finished Heating Fuel Source Natural Gas Heating System Boiler One Quarter Baths 0 Total Offices 0

Property Features

Available Utilities ElectricFiber OpticsInternetNatural Gas Books Available No Cam No Covenants No Current Use LodgingService Exchange Trade No Existing Utilities ElectricInternetNatural GasWater Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use Lodging Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 13729.58 Type Hotel/Motel Variable Rate Yes Water Rights No Zoning Type Mixed Use

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-06-26T21:57:10.54.
 
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The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of Wild West Realty, Llc.