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Two-Unit Office Property
For Sale
$949,000

242 7th Avenue, Ouray, CO 81427

COMMERCIAL, Ouray, CO

Property Size5,213 SF
Price / SF$182.04
Days on Market139

Property Features for 242 7th Avenue

General Information

Property type Commercial Sale
Property subtype Office
Bathrooms 2
Half bathrooms 2
Rooms Bathroom 1, Bathroom 2
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
Listed By: Colleen Aller · License #FA100097828
Added: May 30 Changed: Sep 12 Last Checked: Oct 15 at 9:06PM
MLS# 835205

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 5,213-square-foot commercial property is arranged as two units within a building constructed in 1900. One unit is office space currently vacant and offered for lease, while the other is occupied month to month by Ouray Mountain Guides. The units were previously combined as a single retail space and may be reopened for a larger user, subject to applicable approvals and due diligence.

Located in Ouray, Colorado, the property falls within the C-1 Commercial District. The zoning framework accommodates commercial business district uses including office, retail, service-based, residential, and institutional applications, with approvals as required. Existing infrastructure includes public sewer, electric, natural gas, water service, and single-phase power.

Key Highlights

  • 5,213 square feet in a building constructed in 1900
  • Two‑unit configuration with one vacant office unit and one month‑to‑month occupied unit
  • Formerly operated as one large retail space; units may be reopened for a larger user

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Electrical Service HVAC Service Bakery Auto Parts Store Garden Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

385
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office units - C-1 zoning and separately configured spaces support office, retail, and mixed-use applications.
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 square feet in a building constructed in 1900; Two‑unit configuration with one vacant office unit and one month‑to‑month occupied unit; Formerly operated as one large retail space; units may be reopened for a larger user
More about this property
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