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316 W Main Street, New Castle, CO 81647

$1,500,000
Property Type: Commercial Sale Square Footage: 4,621 Lot Size (sq. ft.): 5,000 Status: Active
Current Price: $1,500,000 List Date: 4/15/2024 Last Modified: 4/25/2025

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

More Information MLS# 183286

Location Info

Current Price: $1,500,000 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 Asking Price: 1500000 Original List Price: 2300000 Street #: 316 Street Direction Pfx: W Street Name: Main Street Suffix: Street City/Town: New Castle State/Province: CO Postal Code: 81647 Geo Lat: 39.571713 Geo Lon: -107.533736

Keywords Info

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

Listing Info

Occupant Type: Owner Listing Date: 2024-04-15 Seller/Owner is Licensed: No Short Sale: No REO: No Auction: No In Foreclosure: No Member Association: Aspen Association

General Info

Sub/Loc: 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 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

Status Change Info

Status: Active

Remarks

Public Remarks: 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

Extras

Number of Doors: 3

Property Features

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 Electric: Yes Gas: Natural Gas Sanitation: Sewer Parking: 1 - 5 Spaces; Street Parking Access: Paved Extras: Kitchen Area; Landscaped; Living Quarters; Restrooms; Overhead Door(s) 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
Listing Office: Slifer Smith & Frampton RFV
Last Updated: April - 25 - 2025
316 W Main Street, New Castle, CO 81647- MLS# 183286
Broker Attribution: (970) 925-8088

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