Commercial Sale · Active
New Castle, CO 81647
0 Baths
$1,450,000
Business
Property Type
0.11 acres
Lot Size
1898
Year Built
193444
MLS #
About This Property
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.
129 days on market
Listed by Gabe Molnar · Douglas Elliman Real Estate-Willits · (970) 925-8810
Property Details
| Property Type | Commercial Sale |
| Sub Type | Business |
| Status | Active |
| Subdivision | None |
| MLS # | 193444 |
| Days on Market | 129 |
| Year Built | 1898 |
| Lot Size (Sq Ft) | 5,000 |
| Acres | 0.11 |
| Annual Taxes | $7,309 |
| Tax Year | 2025 |
| State | CO |
| County | Garfield |
| Zoning | C/1 Commercial |
| Parking Features | Electric Vehicle Charging Station(s) |
| Roof | Membrane |
| Lot Features | Corner Lot |
| Construction | Frame |
| Water Source | Public |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 6/22/2026 |
Listed for sale Source: Aspen Glenwood MLS #193444 |
$1,450,000 |
| 6/21/2026 |
Listed for sale Source: Vail Multi List Service (VMLS) #1014470 |
$1,450,000 |
Copyright 2026 Aspen Glenwood MLS. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable but is not guaranteed accurate by the MLS.
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