502 W Main Street, New Castle, CO 81647

Other
NZD $2,557,300
USD $1,450,000
Published on: 23 Jun 2026
Last updated on: 05 Sep 2026
502 W Main Street, New Castle, CO 81647
502 W Main Street, New Castle, CO 81647
502 W Main Street, New Castle, CO 81647
+40
502 W Main Street, New Castle, CO 81647
  • 40
Property ID: 110108959833
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Commercial Sale, New Castle, CO

502 W Main Street, New Castle, CO 81647
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.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
445.15 m2
Building Size
694.36 m2
Year Built
1898
County
Garfield
Parcel ID
212331222019
Provider
Aspen Glenwood MLS
Brokerage Office Name
Douglas Elliman Real Estate
Brokerage Office Phone
(970) 925-8810
Neighbourhoods
New Castle
Address
502 W Main Street, New Castle, CO 81647

Tax History

YearTax amount
2025USD $7309NZD $12,891*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.

Contact Agent
Gabe Molnar
Douglas Elliman Real Estate-Willits
310 Market Street #104 , Basalt, CO 81621
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Gabe Molnar
310 Market Street #104 , Basalt, CO 81621
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      Property ID: 110108959833

      Original Property ID: 3yd-AGSMLS-193444
      Data provided by Aspen Glenwood MLS, MLS #: 193444
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      Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.