$237.49 Per Sq Foot $9,529 est/mo Sourced by Back At You

502 W Main Street,New Castle, CO 81647

New Castle CO, 81647

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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.

Details

MLS#181763
Listing TypeFor Sale
StyleCommercial
Building NameOre House
Sub-TypeResale
StatusActive
Year1898
Days On Site181
Listing Provided ByRoaring Fork Sotheby's Meadows | Shawn Manwaring

Features

SQ Feet7,474
BasementY
ZoningMixed Use
Acreage0.11

Market Activity 81647

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Listings Checked: 48 minutes ago
StateCO
CountyGarfield
CityNew Castle
Zip Code81647
AreaNew Castle
Community NameTownsite of New Castle
Listing VS Median (in Townsite of New Castle)
Price:
$1,775,000
low | high
Med:
$1,775,000
50% of Average
SqFt:
7,474
low | high
Med:
7,474
50% of Average
$ / SqFt:
$237
low | high
Med:
$237
50% of Average
On Site:
181
low | high
Med:
181.000000
100% of Average
Sourced by Back At You
Listing Updated: February 28, 2024 at 5:17:52 PM PST