New Castle CO Homes for Sale
$1,775,000
502 Main Street New Castle, CO 81647
- Type:
- Cluster
- Sq.Ft.:
- 7,474
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.11 Acres
- Year built:
- 1898
- Baths:
- 6.00
- MLS#:
- 181760
- Subdivision:
- Townsite of New Castle
View additional info
Courtesy: Roaring Fork Sotheby's Meadows
970-366-3511
ADDITIONAL INFORMATION
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.
New Castle Real Estate
The median home value in New Castle, CO is $675,000. This is higher than the county median home value of $611,800. The national median home value is $338,100. The average price of homes sold in New Castle, CO is $675,000. Approximately 66.05% of New Castle homes are owned, compared to 28.25% rented, while 5.71% are vacant. New Castle real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a New Castle real estate agent to arrange a tour today!
New Castle, Colorado has a population of 4,883. New Castle is more family-centric than the surrounding county with 54.43% of the households containing married families with children. The county average for households married with children is 39.32%.
The median household income in New Castle, Colorado is $79,849. The median household income for the surrounding county is $77,212 compared to the national median of $69,021. The median age of people living in New Castle is 36.3 years.
New Castle Weather
The average high temperature in July is 90.1 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 15 inches per year, with 46.5 inches of snow per year.