43
See all 42 photos
$1,450,000
Est. payment /mo
7,474 SqFt
New
502 W Main ST New Castle, CO 81647
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
Listed by Douglas Elliman Real Estate
NEARBY SCHOOL & BUSINESS
EPIQUE MOUNTAIN COLLECTIVE
Phone