316 W Main Street

New Castle, CO 81647 / Townsite of New Castle

MLS ID# 183286 Active
Commercial

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$2,300,000

0.11 acres

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• Description
• Location Info
• Keywords Info
• Listing Info
• General Info
• Financing Info
• Details
• Virtual Tour 1
• Video 1

Description

Welcome to 316 W Main St. where you will find one of the more dynamic investment opportunities in New Castle and the Roaring Fork Valley! This mixed-use property contains two separate 2-bedroom apartments and a restaurant/bar serving arguably the best food and drinks in the area. In 2020, the bar addition was completed, adding a modern flare to this historical establishment and more space for the restaurant to expand and flourish. The layout of the property offers unlimited options for the next owner to either continue using as-is or expand the spaces and services to generate more revenue. Currently, open only four nights per week, the restaurant has established a strong reservation base along with consistent walk-ins. The quality of food and service provided by the current owners of EAT Bistro and Drinks has created a loyal following from New Castle to Aspen. The great vibe of this restaurant, the history and character of the building, and the flow and ambience of this space make this the perfect establishment to celebrate major milestones or your weekly night out. Originally built in 1894, it was known as the Rock Saloon when New Castle was first established as a coal mining town in the wild west. The name was derived from the stone used to erect the building, quarried from Mount Medaris, which is located directly behind the property in the heart of New Castle. The Rock Saloon operated as a bar and restaurant with a pool hall that extended off the back and a brothel located upstairs with its own separate entrance off of Main Street. The original part of the building has been meticulously maintained throughout the history of the property and many of the original finishes still exist. As you walk through, you will see the original hatch cover that accessed the basement during prohibition where drinking and all sorts of fun and illegal activities continued. The original door for the upstairs balcony still remains intact that led outside for the saloon girls to advertise and provide entertainment for cowboys and businessmen passing by. After the cowboys and businessmen conducted their serious business meetings in the brothel (wink wink), you will see where their cigarette butts fell off the windowsills and left burn marks on the wood floors. The stories this building can tell make it incredibly fun to visit. Whether you are enjoying the best food in the valley or visiting for a couple of nights in one of the two apartments, it will be an experience that leaves you wanting more. With the future new developments coming up in New Castle and the endless amounts of outdoor activities accessible in New Castle and the Roaring Fork Valley, this property is a must see. Come check it out and experience everything the Rock Saloon has to offer! Copy and paste the link below to watch property video. https://www.youtube.com/watch?v=v_6Fdo0o4HE Welcome to 316 W Main St. where you will find one of the more dynamic investment opportunities in New Castle and the Roaring Fork Valley! This mixed-use property contains two separate 2-bedroom apartments and a restaurant/bar serving arguably the be... show more

Location Info

• Inside City Limits Yes
• Condominiumized No
• Zoning City New Castle
• Zoning County Garfield County
• Type Commercial
• Major Area New Castle
• Area 10-New Castle Proper
• Street # 316
• Street Direction Pfx W
• Street Name Main
• Street Suffix Street
• City/Town New Castle
• State/Province CO
• Postal Code 81647

Keywords Info

• Total Building SqFt 1.001 - 5,000
• Association Dues No

Listing Info

• Occupant Owner
• Seller is licensed Realtor No
• SB% 2.5
• Variable Comm False
• Flat Fee No
• Short Sale No
• REO No
• Auction No
• Agency Excl Right to Sell
• Foreclosure No
• Member Association Aspen Association
• Deeds Special Warranty

General Info

• SubLoc Townsite of New Castle
• County Garfield
• Legal Section: 31 Township: 5 Range: 90 Subdivision: ORIGINAL TWNSTE NEW CASTLE Block: B Lot: 3 AND:- Lot: 4
• Zoning Commericial
• Lot SqFt 5000
• Nbr of Acres 0.11
• Total SqFt 4621
• Unit SqFt 4621
• Inventory Yes
• Account # R380291
• Parcel # 212331109020
• Year Built 1894
• Year Remodeled 2020
• Directions Take I-70 to exit 105 head east on CR 240 then head west on highway 6&24. Property is on the right.

Financing Info

• Metro Tax District No
• Taxes 3092.16
• Tax Year 2023
• Transfer Tax No
• Total HOA Fee Per Year 0
• Earnest $/% $125,000
• Earnest $ Payable To Title Company

Details

• Allowable Uses

  Hospitality, Hotel/Lodge, Income, Mixed Use, Multi-Family Res, Office, Restaurant/Bar, Retail

• Current Use

  Entertainment, Income, Multi-Family, Restaurant, Tourism

• Construction

  Brick, Frame, Stone

• Substructure

  Crawl Space, Finished Basement, Slab

• Roof

  Membrane

• Condition

  Good

• Heating/Cooling

  Central AC, Forced Air, Stove

• Electric

  Yes

• Gas

  Natural Gas

• Water

  City

• Sanitation

  Sewer

• Parking

  1 - 5 Spaces, Street Parking

• Access

  Paved

• Extras

  Kitchen Area, Landscaped, Living Quarters, Overhead Door(s), Number of Doors:3

• Location Amenities

  High Traffic Loc, High Visibility, View

• Occupant

  Owner Occupied

• Documents on File

  Survey/ILC

• Water Rights

  No

• Mineral Rights

  No

• Terms Offered

  Cash

• Sign

  No

• Possession

  DOD