502 Main Street - Hospitality FOR SALE


New Castle, CO 81647
$1,770,000 USD
970-778-0796
502 Main Street, New Castle, CO for Sale
$1,770,000 USD
Hospitality - FOR SALE
1/6
null | 8% Cap Rate

502 Main Street
New Castle, CO 81647


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,770,000 USD

PRICE/SF

$237 USD /SF

# OF ROOMS

7

PRICE/ROOM

$252,857 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ore House Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1888

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,750 SF

ZONING

Mixed Commercial

APN/PARCEL ID

R380283

ASK ABOUT THIS PROPERTY

Kyle SerranoVenture GroupMore Info
970-778-0796

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Kyle SerranoVenture GroupMore Info
970-778-0796

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.