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502 W Main Street Residential $1,775,000 — Listed by Shawn Manwaring, Roaring Fork Sotheby's Meadows

Updated on Jun 22, 2024

Welcome to Ore House Inn! This property has a rich history and is... $1,775,000

Address 502 W Main Street
New Castle, CO 81647
TypePurchase
Price$1,775,000
Bedrooms5
Bathrooms6
Living Area7,474 square feet
StatusActive
Listing Agent
(970) 389-6069
Office
150 West Meadows Dr Unit 3
Glenwood Springs, CO 81601
(970) 366-3511
Located in NEW CASTLE, CO
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.

    Franchise

  • Name: Sotheby's International Realty
  • Taxes

  • Year: 2023
  • $5,295
  • Heating systems

  • Baseboard
  • Forced Air
  • Rooms

  • Bedroom: 5
  • Full bath: 6
  • General

  • Property type: Residential
  • Property sub type: Other
  • Living area: 7474
  • Lot size: 0.11
  • Year built: 1898
  • Listing date: 2023-11-21
  • Listing title: Residential Income, Two Story - New Castle, CO
  • Full bathrooms: 6
  • Architecture style: Other
  • Is new construction: no
  • Num floors: 2.0
  • Roof types: Membrane
  • Listing Details

  • Mls name: Aspen/Glenwood Springs MLS
  • MLS Identifier: AGSMLS
  • MLS Number: 181760
  • Provider name: Aspen Snowmass Sotheby's International Realty
  • Provider Category: Broker
  • Property Type: Residential
  • Property sub type: Other
  • Listing Category: Purchase
  • Office Key: AGSMLS-20170113001238681596000000
  • Office ID: 20170113001238681596000000
Copyright © 2024 Aspen/Glenwood Springs MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

 

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