400 Palomino Trl
Ridgway, CO 81432
Cow Creek Suites · Office Property For Sale

Turnkey, well-established and popular vacation rental business in a ten year old high-quality custom built two-story building situated in an edge-of-town commercial zone where mixed uses are encouraged. The business, known as Cow Creek Suites, consists of a second floor, two-bedroom, one-bath apartment and a ground floor studio apartment. Listing service HomeAway (subsidiary of Expedia, Inc.) reports these properties are outperforming 99% of their market (a total of 1567 properties including the towns of Telluride and Ouray) in both confirmed bookings and 4/5 star reviews during the past 365 days (through April 24, 2018). Combined occupancy rate for 2016 and 2017 was 75% including many long time repeat guests (16 in 2017). Confirmed reservations for 2018 are already at 48% occupancy heading into the peak summer booking months. Furnishings included. Building is extremely energy efficient with no fossil fuels on the premises (natural gas is available). Be sure and see listings on VRBO (property #s 130480 and 597318) for additional information including photos, guest reviews and availability calendar. For sale by owner. Property is situated on a frontage road paralleling US Highway 550 at its intersection with State Highway 62, the northern entry to Colorado's famous San Juan Skyway Scenic Byway. Known as the "Gateway to the San Juans", Ridgway is just 9 highway miles north of the charming, historic mining town of Ouray, 37 highway miles from the ski-resort/festival town of Telluride, and 26 highway miles south of the burgeoning retirement community of Montrose and its airport.