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    New Castle, CO Hospitality Properties for Sale

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    Silt, CO Glenwood Springs, CO Rifle, CO
    Turnkey Mixed-Use Hospitality Property
    $1,450,000
    7,474 SF
    Turnkey Mixed-Use Hospitality Property

    502 W Main Street, New Castle, CO 81647

    Seven residential units and a leased ground-floor salon support a turnkey lodging operation.
    • Turnkey mixed‑use income property with 7 residential units plus a ground‑floor commercial space leased to a salon
    • Offered at a 9.2% cap rate based on existing lodging operations
    • Directly on Main Street, with access/demand draw from the Glenwood Springs/Vail/Aspen corridor
    • Frame construction; built in 1898
    • Public water; membrane roof
    Updated: Jun 22
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    Turnkey Mixed-Use Income Property
    $1,450,000
    Turnkey Mixed-Use Income Property

    502 W Main St, New Castle, CO 81647

    Turnkey mixed-use building with seven residential units and a ground-floor salon lease, plus retained restaurant venting.
    • Turnkey mixed‑use building (1898) on Main Street with 7 residential units plus ground‑floor commercial space
    • Ground‑floor salon space is currently leased; retained restaurant hood vent and grease trap preserve future food/beverage potential
    • New pricing: offered at a 9.2% cap rate based on current lodging operations
    • Established lodging operations across major short‑term rental platforms with existing listings, systems, and reviews
    • Flexible use options: continue as STR, pivot to furnished monthly stays, or convert to long‑term residential leasing
    Updated: Jun 23
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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in New Castle, CO, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Landmark Mixed-Use Potential
    $12,500,000
    5,364 SF
    Historic Landmark Mixed-Use Potential

    Iconic Basalt property with redevelopment potential in prime downtown location.

    165 Midland Avenue, Basalt, CO 81621

    View details
    Riverfront Land in Rifle, Colorado
    $1,750,000
    122.00 Acres
    Riverfront Land in Rifle, Colorado

    122-acre riverfront property with I-70 frontage near Rifle, Colorado.

    1797 N County Rd 346, Rifle, CO 81650

    View details
    Historic Basalt Mixed-Use Opportunity
    $12,500,000
    5,547 SF
    Historic Basalt Mixed-Use Opportunity

    Iconic property with redevelopment potential in downtown Basalt.

    165 Midland Ave, Basalt, CO 81621

    View details
    Colorado Riverfront Recreational Land Opportunity
    $1,750,000
    122.00 Acres
    Colorado Riverfront Recreational Land Opportunity

    122 acres with river frontage and I-70 access.

    1797 Co Rd 346, Rifle, CO 81650

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Riverfront Commercial Land in Silt
    $1,200,000
    15.21 Acres
    Riverfront Commercial Land in Silt

    15.21 acres of commercially zoned riverfront property for sale.

    1421 River Frontage Road, Silt, CO 81652

    View details
    Glenwood Springs Commercial Development Opportunity
    $5,500,000
    3.00 Acres
    Glenwood Springs Commercial Development Opportunity

    Prime commercial land for development in Glenwood Springs, Colorado.

    51579 Highway 6 & 24, Glenwood Springs, CO 81601

    View details
    Glenwood Springs Commercial Opportunity
    $4,900,000
    3.93 Acres
    Glenwood Springs Commercial Opportunity

    Four acres in Glenwood Springs with diverse development possibilities.

    51993 Hwy 6 & 24, Glenwood Springs, CO 81601

    View details
    Riverfront Land Opportunity in Rifle
    $1,750,000
    122.00 Acres
    Riverfront Land Opportunity in Rifle

    122 acres with river and highway frontage near Rifle, CO.

    1797 N County Road 346, Rifle, CO 81650

    View details

    Off-Market Properties in New Castle, CO

    Consider similar Off-Market properties in New Castle, CO. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    581 County Rd 241
    HOTEL/MOTEL
    2,600 SF Lot: 10.00 Acres
    Estimated value
    $2,985,000

    581 County Rd 241, New Castle, CO 81647-9498

    View details
    781 Burning Mtn Ave
    HOTEL/MOTEL
    24,142 SF Lot: 1.64 Acres
    Estimated value
    $3,335,000

    781 Burning Mtn Ave, New Castle, CO 81647-9679

    View details
    15805 County Rd 245
    HOTEL/MOTEL
    1,904 SF Lot: 39.34 Acres
    Value Estimation by Request

    15805 County Rd 245, New Castle, CO 81647-9806

    View details

    New Castle, CO Hospitality Properties Market Trends and Statistics

    Explore 5 hospitality properties for sale in New Castle, CO on our real estate platform. These investment opportunities span a total of 7,474 square feet of properties for sale, with an estimated market value of $1,450,000.

    Sale prices for hospitality properties in New Castle, CO start at $1,450,000, averaging $1,450,000, and reaching up to $1,450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 2

    Demographics Overview

    Population 7,037
    Population Growth (5Y) -4.0%
    Median Household Income $80,139
    College Educated 40.4%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Garfield County

    New Delisted

    Total CRE Inventory on Market (SF)

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