Skip To Content

502 W Main Street

New Castle, CO 81647
  • $1,775,000
  • STATUS: Active
  • ON SITE: 241 Days
  • MLS #: 181760
UPDATED: 165 min ago
$1,775,000
  • 5
    BEDS
  • 0.11
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 7,474
    SQFT
  • $237
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1898
County:

School Ratings & Info

Description

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.

Monthly Payment Calculator

© 2024 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aspen Snowmass | Sotheby's International Realty.

Data last updated: 2024-07-19T21:38:48.537.
www.searchrealestateaspen.com/homes/145414108
Print Image

502 W Main Street New Castle, CO 81647

  • Price: $1,775,000
  • Status: Active
  • On Site: 241 Days
  • Updated: 165 min ago
  • MLS #: 181760
5
Beds
6
Baths
0
½ Baths
0.11
Acres
7,474
SQFT
$237
$/SQFT
1898
Built
Neighborhood:
Townsite Of New Castle
County:
Garfield
Area:
10-New Castle Proper
Property Description
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.
Exterior Features

Architectural Style Two Story Attached Garage YN No Parking Features Electric Vehicle Charging Station(s) Roof Membrane

Interior Features

Baths Total 6 Cooling A/C Cooling YN Yes Heating Forced AirBaseboard Heating YN Yes Laundry Features Inside Room Type [] Rooms Total 0

Property Features

Area New Castle Association Fee Includes Sewer Association YN Yes Building Area Total 7474 Building Features Yes Model No New Construction YN No Possession DOD Property Condition Excellent Property Sub Type Residential Income Property Type Label Residential Tax Amount 5294.84 Tax Legal Description Section: 31 Township: 5 Range: 90 Subdivision: ORIGINAL TWNSTE NEW CASTLE Block: 8 Lot: 1 AND:- Lot: 2 Tax Year 2023 Water Source Public Zoning Mixed Use

Listing provided courtesy of Roaring Fork Sotheby's Meadows: (970) 366-3511. Listing information © 2024 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
© 2024 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aspen Snowmass | Sotheby's International Realty.

Data last updated: 2024-07-19T21:38:48.537.
 
https://bt-photos.global.ssl.fastly.net/aspen/1280_boomver_1_181760-2.jpg https://bt-photos.global.ssl.fastly.net/aspen/1280_boomver_1_181760-2.jpg https://bt-photos.global.ssl.fastly.net/aspen/1280_boomver_1_181760-2.jpg
Logo
Aspen Snowmass | Sotheby's International Realty
333 River Valley Ranch Drive
Carbondale CO, 81623