MLS Search & Listings
502 W Main
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.
- Zoning: C/1 Commercial
- 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.
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This data was last updated: 2026-09-03 2:00am

