Active

502 W Main Street

New Castle CO, 81647

$1,775,000


$237.49 per sqft

Active

7,474 sqft

Commercial

Built in 1898

Listed by Shawn Manwaring with Roaring Fork Sotheby's Meadows, Listing Contact: (970) 366-3511 

Welcome to Ore House Inn! This property has a rich history and is an iconic landmark in the small mountain town of New Castle. With a full remodel over the last several years, the building and business are truly turn key and ready for a new owner. The property offers seven residential units and one commercial space. Currently the commercial space is leased through 2024 to a boutique gift shop and the seven residential units are being used as short term rentals. The ground floor consists of the commercial space plus one residential unit and upstairs are six additional rooms that are connected with hallways that characterize New Castle's mining history. This property has a history of strong cash flow and little vacancy. With the Western Slope continuing to experience rapid growth, there is no reason to believe this trend will not continue for many years to come. Located on Main Street, it's an easy stroll to restaurants, shops, hiking and biking trails. The interstate is located just a couple of minutes away and also within a short drive are world class rivers, famous hot springs, several golf courses, skiing, hunting, camping, climbing and more. Aspen, Vail and Grand Junction are just one hour away. The property has four private parking spots including an EV charging station. Whether you're searching for a stable investment property, short term rental, or a mixed use space to accommodate your commercial needs, this property should be considered.

181763

MLS ID

November 21, 2023

Listed

May 9, 2024

Updated

Map

502 W Main Street
New Castle CO, 81647

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.11 Acres


Roof

Membrane

Other Property Details

Area Name

New Castle


Taxes

$5,295


Tax Frequency

Annually


Garage

No


Parking

Electric Vehicle Charging Station(s)


View

No


County

Garfield


Water Source

Public


Pool

No


Zoning

Mixed Use

Listing History

Date

Event

Price

2/29/2024

Price Change

$1,775,000

-12%

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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