316 W Main Street

New Castle, CO 81647 / Townsite of New Castle

MLS ID# 183302 Active
Single Family Residence

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$2,300,000

4 beds

4 baths

None Garage

4621 sqft

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. EAT Bistro and Drinks is open four nights per week (Wednesday - Saturday) and they have 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 billiards room 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. Call today to schedule a showing or even better, make a dinner reservation and experience everything the Rock Saloon has to offer! To watch property video, copy and past the following link: 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

• Type Single Family Residence
• 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

• Bedrooms 4
• Total Baths 4
• Baths - Full 2
• Baths - 3/4 0
• Baths - Half 2
• Lot Size 3,001 - 6,000
• Acreage Refer to Lot Size
• Garage None
• Pre-Fabricated Home No

Listing Info

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

General Info

• SubLoc Townsite of New Castle
• Legal Section: 31 Township: 5 Range: 90 Subdivision: ORIGINAL TWNSTE NEW CASTLE Block: B Lot: 3 AND:- Lot: 4
• Zoning C-1 Commercial
• Nbr of Acres 0.11
• Lot SqFt 3500
• Lv Ht SqFt 4621
• Unfinished SqFt 0
• Total SqFt 4621
• Price/LvH SqFt 497.73
• Levels 2
• Main Floor Master Yes
• Short Termable Yes
• Year Built 1894
• Year Remodeled 2020
• Unit Faces South
• Parcel # 212331109020
• Account # R380291
• Directions Drive north off of New Castle Exit. Turn left at 4 way stop. Drive straight to 316 W Main.

Financing Info

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

Details

• Style

  Other

• Construction

  Brick, Frame, Stone

• Substructure

  Crawl Space, Finished Basement

• Roof

  Membrane

• Condition

  Excellent

• Heating

  Forced Air, Wood Stove

• Gas

  Natural Gas

• Water

  City

• Cooling

  Central A/C

• Sanitation

  Sewer

• Fireplace

  Wood Burning, 1

• Parking Area

  2 Car

• Possession

  DOD

• Extras

  Landscaping, Outbuildings

• Terms Offered

  Cash, New Loan

• Mineral Rights

  No

• Water Rights

  No

• Documents on File

  Survey/ILC

• Sign

  No