151 W Main St New Castle, CO 81647
For Lease
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This exceptional opportunity presents itself in a beautifully restored historic school building, located in the heart of New Castle's vibrant downtown. The property, totaling over 16,000 square feet, offers a unique blend of character and modern convenience. Multiple tenancy options are available, with spaces ranging from a minimum of 390 square feet to a maximum contiguous space of 5,176 square feet. Currently, 5,566 square feet of office space is vacant and ready for immediate occupancy. The building boasts over a dozen private offices, allowing for diverse configurations to perfectly suit your business needs, whether you require a single executive office or a larger suite. This prime downtown location provides unparalleled convenience, with easy access to local shops, cafes, and public transportation. The property is zoned for City use within Garfield County, ensuring a seamless transition for your business. The flexible floor plans allow for customization to meet your specific requirements, making this an ideal location for a variety of businesses seeking a unique and functional workspace in a charming mountain town setting. Don't miss this chance to establish your business in this remarkable historic building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.