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    Silt, CO Glenwood Springs, CO Rifle, CO Collbran, CO Carbondale, CO Gypsum, CO
    Turnkey Mixed-Use Income Property
    Updated: Jun 23
    Turnkey Mixed-Use Income Property

    502 W Main St, New Castle, CO 81647

    $1,450,000
    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
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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 1 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.

    Hotel with Ice Cream Parlor
    Hotel with Ice Cream Parlor

    885 S Grand Mesa Dr, Cedaredge, CO 81413

    $899,000
    4,494 sqft

    Established hospitality property with an on-site rental, owner’s suite, garage, and walkable access to everyday amenities.

    View details
    Boutique Hotel With King Suites
    Boutique Hotel With King Suites

    167 Williams Street, Minturn, CO 81645

    $1,585,000
    2,060 sqft 0.16 AC lot

    Guest accommodations include private baths, refrigerators, breakfast nooks, and coffee stations.

    View details
    Mountain Resort With Cabins
    Mountain Resort With Cabins

    21221 Baron Lake Drive, Cedaredge, CO 81413

    $1,397,000

    Lodge facilities include dining, a kitchen, bar, guest rooms, and apartments.

    View details
    Furnished Bed-and-Breakfast
    Furnished Bed-and-Breakfast

    Minturn, CO 81645

    $2,275,000
    3,821 sqft 0.11 AC lot

    Commercial hospitality property with private guest suites, shared gathering areas, patios, and an operating manager.

    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.

    Commercial Land with Highway Access
    Commercial Land with Highway Access

    51993 Hwy 6 & 24, Glenwood Springs, CO 81601

    $4,900,000
    3.93 AC lot

    M1-zoned land with highway access, Interstate 70 exposure, fencing, and existing residential and commercial improvements.

    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

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

    Estimated value:
    $2,925,000
    2,600 sqft 10.00 AC lot
    View details
    781 Burning Mtn Ave
    HOTEL/MOTEL

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

    Estimated value:
    $2,955,000
    24,142 sqft 1.64 AC lot
    View details
    15805 County Rd 245
    HOTEL/MOTEL

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

    Estimated value:
    $205,000
    1,904 sqft 39.34 AC lot
    View details

    New Castle, CO Hotels Market Trends and Statistics

    Explore 4 hotels for sale in New Castle, CO on our real estate platform.

    Sale prices for resorts in New Castle, CO average $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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify New Castle submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    81647 $1.5M

    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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