Active

316 W Main Street

New Castle CO, 81647

$2,300,000


$497.73 per sqft

Active

4 Beds

4 Baths

4,621 sqft

Residential

Built in 1894

Listed by Mike Eaton with Slifer Smith & Frampton RFV, Listing Contact: (970) 925-8088 

Welcome to 316 W Main St. where you will find one of the more dynamic investment opportunities in New Castle and the Roaring Fork Valley! This mixed-use property contains two separate 2-bedroom apartments and a restaurant/bar serving arguably the best food and drinks in the area. In 2020, the bar addition was completed, adding a modern flare to this historical establishment and more space for the restaurant to expand and flourish. The layout of the property offers unlimited options for the next owner to either continue using as-is or expand the spaces and services to generate more revenue. EAT Bistro and Drinks is open four nights per week (Wednesday - Saturday) and they have established a strong reservation base along with consistent walk-ins. The quality of food and service provided by the current owners of EAT Bistro and Drinks has created a loyal following from New Castle to Aspen. The great vibe of this restaurant, the history and character of the building, and the flow and ambience of this space make this the perfect establishment to celebrate major milestones or your weekly night out.

Originally built in 1894, it was known as the Rock Saloon when New Castle was first established as a coal mining town in the wild west. The name was derived from the stone used to erect the building, quarried from Mount Medaris, which is located directly behind the property in the heart of New Castle. The Rock Saloon operated as a bar and restaurant with a billiards room that extended off the back and a brothel located upstairs with its own separate entrance off of Main Street. The original part of the building has been meticulously maintained throughout the history of the property and many of the original finishes still exist. As you walk through, you will see the original hatch cover that accessed the basement during prohibition where drinking and all sorts of fun and illegal activities continued. The original door for the upstairs balcony still remains intact that led outside for the saloon girls to advertise and provide entertainment for cowboys and businessmen passing by. After the cowboys and businessmen conducted their serious business meetings in the brothel (wink wink), you will see where their cigarette butts fell off the windowsills and left burn marks on the wood floors.

The stories this building can tell make it incredibly fun to visit. Whether you are enjoying the best food in the valley or visiting for a couple of nights in one of the two apartments, it will be an experience that leaves you wanting more. With the future new developments coming up in New Castle and the endless amounts of outdoor activities accessible in New Castle and the Roaring Fork Valley, this property is a must see. Call today to schedule a showing or even better, make a dinner reservation and experience everything the Rock Saloon has to offer!

To watch property video, copy and past the following link:
https://www.youtube.com/watch?v=v_6Fdo0o4HE

183302

MLS ID

April 16, 2024

Listed

May 9, 2024

Updated

Map

316 W Main Street
New Castle CO, 81647

Interior Features

Bedrooms

4


Total Bathrooms

4


Full Bathrooms

2


Half Bathrooms

2


Fireplace

Yes


Fireplace Description

Wood Burning


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Wood Stove, Forced Air

Exterior/Building Features

Lot Size

0.08 Acres


Lot Features

Landscaped


Architectual Style

Other


Roof

Membrane

Other Property Details

Area Name

New Castle


Taxes

$3,092


Tax Frequency

Annually


Association Fee

Not Listed


Garage

No


Parking

2 Car


View

No


County

Garfield


Water Source

Public


Pool

No


Zoning

C-1 Commercial

The IDX display contains information sourced from the Aspen Glenwood MLS as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Aspen Glenwood MLS all rights reserved.

Data last updated on 5/9/2024 at 10:58 AM UTC

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