Two-Unit Office
For Sale
$949,000
242 7th Avenue, Ouray, CO 81427
COMMERCIAL, Ouray, CO
Property Size5,213 SF
Price / SF$182.04
Days on Market94
Property Features for 242 7th Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
From Main Street in Ouray, Turn on 7th Avenue, Building is in first block on the right. It is underneath the True Value Hardware Store.
Standard status
Active
Size
5,213 SF
Building Details
Year built
1900
Listing Agency:
Keller Williams Realty Southwest Associates, LLC - Montrose
(970) 596-0870
Listed By:
Colleen Aller · License #FA100097828
(970) 901-7018
Added: May 30
Changed: Aug 19
Last Checked: Aug 31 at 3:06PM
MLS# 835205
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Investment Insights
Based on property information with market context.
242 7th Avenue is a two-unit office building totaling 5,213 square feet, built in 1900. The property is currently divided into an office unit and a second unit. The office space is listed for lease and is vacant. The second unit is occupied month to month by Ouray Mountain Guides.
The property is located in Ouray’s C-1 Commercial District, which is intended to encompass the city’s commercial business district and accommodate retail, office, service-based businesses, residential uses, and institutional uses consistent with a traditional downtown business district. With public sewer, electric, natural gas, and water service, plus single-phase power identified, the building has a practical utility foundation for a variety of commercial applications.
Given the existing two-unit setup, the building supports both immediate occupancy and flexible future repositioning, subject to applicable approvals and buyer due diligence.
The property is located in Ouray’s C-1 Commercial District, which is intended to encompass the city’s commercial business district and accommodate retail, office, service-based businesses, residential uses, and institutional uses consistent with a traditional downtown business district. With public sewer, electric, natural gas, and water service, plus single-phase power identified, the building has a practical utility foundation for a variety of commercial applications.
Given the existing two-unit setup, the building supports both immediate occupancy and flexible future repositioning, subject to applicable approvals and buyer due diligence.
Key Highlights
- 5,213 SF two‑unit office building built in 1900
- C‑1 Commercial District zoning supporting office, retail, service, residential, and institutional uses
- Office space is listed for lease and currently vacant
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 81427, CO
1,099
Population
953
Households
1.2
Avg Household Size
50
Median Age
61%
College-Educated
96%
High-School Grad
74.7 sq mi
ZIP Area
15
Density / Sq Mi
$82,851
Median Household Income
$43,500
Median Earnings
$954
Median Rent
$562,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-unit office building in the C-1 Commercial District with one vacant office space and one month-to-month tenant unit.
Where is this office units located?
The property is located at 242 7th Avenue Ouray, CO.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 5,213 SF two‑unit office building built in 1900; C‑1 Commercial District zoning supporting office, retail, service, residential, and institutional uses; Office space is listed for lease and currently vacant
