502 West Main Street
$1,775,000
5
6
7,474
7,474
$237
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...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.
- Listed by Shawn Manwaring • Roaring Fork Sotheby's Meadows • (970) 366-3511
- Listed by non- member • Non-Member Office
Property Details for 502 West Main Street
Style
Two Story
Sub/LocTownsite of New Castle
GarageNone
LISTING UPDATED: 10/14/2024 08:40 AM
Property Details for 502 West Main Street
Status | Active |
---|---|
MLS # | 181760 |
Days on Market | 351 |
Taxes | $5,295 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential / Residential Income |
Year Built | 1898 |
Lot Size | 0.11 AC / 4,791 SF |
County | Garfield County |
Building Information for 502 West Main Street
Stories2Residences-Year Built1898Building Size-Lot Size0.11 AC / 4,791 SF
Property Information for 502 West Main Street
Property History for 502 West Main Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 502 West Main Street
Taxable ValueLand$19,970Additions$65,030Total$85,000
Tax Record2023$5,295 ($441 / month)
Home Facts
Total Finished SqFt7,474 SqFtAbove Grade Finished SqFt7,474 SqFtStories2Lot Size5,000 SqFtStyleMiscellaneous CommercialYear Built1898CountyGARFIELDAPN212331222019
Schools near 502 West Main Street
This home is within Garfield Re-2 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 12 |
Rating | School | Distance |
---|---|---|
Elk Creek Elementary School PublicPK to 5 | ||
Riverside School Public6 to 8 | ||
Coal Ridge High School Public9 to 12 | ||
Liberty Classical Academy PrivatePK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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