MLS Search & Listings

502 W Main

  
Property Info
502 W Main
New Castle, CO 81647
$1,450,000
Industrial
MLS# 193444
County: Garfield
Schedule a Showing Request More Information
Property Details

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.

Schedule a Tour >


Interior Features
  • Zoning: C/1 Commercial
Exterior Features
  • 0.1100 Acres
  • Siding: Frame
  • Roof: Membrane
  • Exterior Inclusions: Corner Lot

Listed by Gabe Molnar with Douglas Elliman Real Estate-Willits, Contact: 970-366-0379

Real Estate listings held by companies other than Aspen - Glenwood Springs MLS contain that company's name.
Fair Housing Disclaimer

This data was last updated: 2026-09-03 2:00am

PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.