502 W Main ST, New Castle, CO 81647
502 W Main ST, New Castle, CO 81647,Video Tour
502 W Main ST, New Castle, CO 81647
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Stephanie Ernst

Stephanie Ernst

+1(970) 306-5001
$1,450,000
Est. payment /mo
7,474 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,474 sqft

Price per Sqft $194

Subdivision See Remarks

MLS Listing ID 1014470

HOA Y/N No

Year Built 1898

Annual Tax Amount $7,309

Tax Year 2025

Lot Size 5,000 Sqft

Acres 0.11

Property Sub-Type Mixed Use

Source Vail Multi-List Service

Property Description

New PRICING - Now offered at 9.2% Cap Rate. ++++ Turnkey mixed-use income property in excellent condition on Main Street in one of Colorado's most exciting small towns. At the reduced ask price, existing lodging operations produce a 9.2% cap rate. Seven residential units plus a ground-floor commercial space currently leased to a salon, with a retained restaurant hood vent and grease trap that preserves future food and beverage potential. ++++ New Castle recently won the 2026 Colorado Downtown Excellence Award for Best Place in the small community category, recognizing its thriving Main Street revitalization -- and the Ore House Inn sits at the center of it.++++ Strong operational history with established presence across all major short-term rental platforms -- a buyer steps into an active, revenue-producing operation with listings, systems, and reviews already in place. Flexible exit: continue as STR, pivot to furnished monthly stays, or convert to long-term residential leasing. Directly on Main Street with draw from the Glenwood Springs/Vail/Aspen corridor.

Location

State CO

County Garfield

Community See Remarks

Area Out Of Area

Zoning New Castle - C/1

Interior

Heating Baseboard, Natural Gas

Exterior

Parking Features Assigned

Utilities Available Sewer Connected

Roof Type Synthetic

Total Parking Spaces 4

Building

Foundation Other

Lot Size Range 0.11

Others

Tax ID 212331222019

Virtual Tour https://my.matterport.com/show/?m=EM6W4Jh4jxs

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Vail Multi List (VBRMLS)
Listed by Douglas Elliman Real Estate

Nearby Locations

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Stephanie Ernst

Stephanie Ernst

+1(970) 306-5001

Broker Associate | FA FA 100092087

Broker Associate FA FA 100092087

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