# 502 W Main Street, New Castle, CO 81647 > **TL;DR:** commercial, $1,450,000 ($194/sqft), built 1898, 7,474 sqft. Est. $7,755/mo. Listed 131 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,450,000 | | Price/sqft | $194 | | Square Feet | 7,474 | | Year Built | 1898 | | Lot Size | 4,792 sqft (0.11 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 131 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,332 | | Estimated Insurance | $423 | | **Total** | **$7,755** | ## Property Highlights - Built in 1898 - 0.11 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 502 W Main Street, New Castle, CO 81647 - **County:** Garfield - **Coordinates:** 39.571719, -107.535603 - **Google Maps:** https://www.google.com/maps?q=39.571719,-107.535603 ## Virtual Tour & Media - **Video Tour:** https://my.matterport.com/show/?m=EM6W4Jh4jxs ## Listing Agent - **Name:** Gabe Molnar - **Brokerage:** Douglas Elliman Real Estate - **Broker Phone:** (970) 925-8810 ## Photos ![502 W Main Street - Photo 1](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f2676736127r.jpg) ![502 W Main Street - Photo 2](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1564225241r.jpg) ![502 W Main Street - Photo 3](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f2471599898r.jpg) ![502 W Main Street - Photo 4](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f2509642036r.jpg) ![502 W Main Street - Photo 5](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1873773062r.jpg) ![502 W Main Street - Photo 6](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1146112909r.jpg) ![502 W Main Street - Photo 7](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f81350800r.jpg) ![502 W Main Street - Photo 8](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1255103234r.jpg) ![502 W Main Street - Photo 9](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1455162545r.jpg) ![502 W Main Street - Photo 10](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f482788302r.jpg) ![502 W Main Street - Photo 11](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f487779624r.jpg) ![502 W Main Street - Photo 12](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1064111876r.jpg) ![502 W Main Street - Photo 13](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f2411589230r.jpg) ![502 W Main Street - Photo 14](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f3691313187r.jpg) ![502 W Main Street - Photo 15](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f2908843912r.jpg) ![502 W Main Street - Photo 16](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1571200113r.jpg) ![502 W Main Street - Photo 17](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1354770799r.jpg) ![502 W Main Street - Photo 18](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f3284917850r.jpg) ![502 W Main Street - Photo 19](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1349953553r.jpg) ![502 W Main Street - Photo 20](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f3887776207r.jpg) ![502 W Main Street - Photo 21](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1366537820r.jpg) ![502 W Main Street - Photo 22](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f962783468r.jpg) ![502 W Main Street - Photo 23](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f3202885433r.jpg) ![502 W Main Street - Photo 24](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f3743423183r.jpg) ![502 W Main Street - Photo 25](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1368630502r.jpg) ![502 W Main Street - Photo 26](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f2903516297r.jpg) ![502 W Main Street - Photo 27](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f4133941481r.jpg) ![502 W Main Street - Photo 28](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f173557838r.jpg) ![502 W Main Street - Photo 29](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f3163037523r.jpg) ![502 W Main Street - Photo 30](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f2601017082r.jpg) ![502 W Main Street - Photo 31](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1181849976r.jpg) ![502 W Main Street - Photo 32](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f3718486964r.jpg) ![502 W Main Street - Photo 33](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f315865230r.jpg) ![502 W Main Street - Photo 34](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1171321275r.jpg) ![502 W Main Street - Photo 35](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f106942059r.jpg) ![502 W Main Street - Photo 36](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f2623337039r.jpg) ![502 W Main Street - Photo 37](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1199486633r.jpg) ![502 W Main Street - Photo 38](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f1063432899r.jpg) ![502 W Main Street - Photo 39](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f3987346761r.jpg) ![502 W Main Street - Photo 40](http://lh.rdcpix.com/139f246f59bdeecf2844c79a3928f9c2l-f152821307r.jpg) --- **MLS#:** 193444 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Aspen Glenwood MLS. 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://staging.propertysimple.ai/listing/502-w-main-street-new-castle-co-81647-34681e4011fd4e8b893a3dd7247dab00) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/502-w-main-street-new-castle-co-81647-34681e4011fd4e8b893a3dd7247dab00#listing", "url": "https://staging.propertysimple.ai/listing/502-w-main-street-new-castle-co-81647-34681e4011fd4e8b893a3dd7247dab00", "name": "502 W Main Street, New Castle, CO 81647", "description": "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. 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