# 502 W Main Street, New Castle, CO 81647

> **TL;DR:** commercial, $1,450,000. Est. $6,283/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,450,000 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,283 |
| **Total** | **$6,283** |

## Description

### Agent Description
Commercial and Multi-Family/Short Term Rental Investment property in the desirable mountain town of New Castle, CO! Located downtown on Main Street, this property could be a possible work-live scenario, or be used strictly for investment with a current cap rate of over 9.22% if ran as an STR operation. Pro-Forma Cap is nearly at 12% if converted to long term rentals. All FF&E and furnishings included! Property has 7 individual residential units used for Short Term Rentals currently (AirBNB / VRBO), as well as a commercial unit on main level with infrastructure for a restaurant, but currently leased to a Salon through 2029. The entire property has been remodeled and updated, and comes turn-key with all furnishings, equipment and FF&E used for the short-term rental business. Rare property to find in a quickly appreciating.

## Location

- **Address:** 502 W Main Street, New Castle, CO 81647
- **County:** Garfield
- **Coordinates:** 39.571693, -107.535589
- **Google Maps:** https://www.google.com/maps?q=39.571693,-107.535589

## Listing Agent

- **Name:** Kyle Serrano
- **Brokerage:** VENTURE GROUP
- **Phone:** 9707780796
- **Email:** kyle@venturegj.com

## Primary Photo

![502 W Main Street - Primary Photo](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f1332566833r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/502-w-main-street-new-castle-co-81647-20262854)*

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**MLS#:** 20262854 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/502-w-main-street-new-castle-co-81647-20262854)

---

## Structured Data

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  "description": "Commercial and Multi-Family/Short Term Rental Investment property in the desirable mountain town of New Castle, CO! Located downtown on Main Street, this property could be a possible work-live scenario, or be used strictly for investment with a current cap rate of over 9.22% if ran as an STR operation. Pro-Forma Cap is nearly at 12% if converted to long term rentals. All FF&E and furnishings included! Property has 7 individual residential units used for Short Term Rentals currently (AirBNB / VRB",
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  "datePosted": "2026-06-24",
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