Listed price in listed location currency (USD).
$1,450,000

004

MLS® 1014470

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 7474 sqft
Garage 
Taxes $7,309
Days Active 5
Lot Size 0.11 Acres
Approx. Age 1898
Avg. Price Per Sqft $194
MLS® Number 1014470

Property Address: 502 W Main St, New Castle, CO, 81647-5008

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1014470
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1898
Basement
DrivewayAssigned
Garage Spaces
HeatBaseboard, Natural Gas
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 22, 2026List Date
$1,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
502 W Main St, New Castle, CO

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