Style: Commercial
$1,770,000
502 W Main Street, New Castle, CO 81647, US
Remarks
Commercial and Multi-Family/Short Term Rental Investment property in the desirable mountain town of New Castle, CO! Located downtown on Main Street, this property could be a possible work-live scenario, or be used strictly for investment with a current cap rate of over 8%. Property has 7 individual residential units used for Short Term Rentals currently (AirBNB / VRBO), as well as a commercial unit on main level with infrastructure for a restaurant, but currently leased to a Salon through 2029. The entire property has been remodeled and updated, and comes turn-key with all furnishings, equipment and FF&E used for the short-term rental business. Rare property to find in a quickly appreciating mountain-town, with strong existing cash-flow and still upside for increased NOI.Details
MLS#: 20251113Price: $1,770,000
Style: Commercial
County: Garfield
Lot Size: 50 x 100
Tax Fee: 5891.4399999999996
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Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Grand Junction Area Association of Realtors
Last updated: 2025-03-18T10:56:55.000-06:00.
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