$2,300,000
316 W Main Street
New Castle, CO 81647
MLS# 183302
4 beds  |  4 baths  |  4621 sqft

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316 W Main Street, New Castle, CO 81647
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Property 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

Details
Maps
Documents
Location Info
Current Price: $2,300,000
Type: Single Family Residence
Major Area: New Castle
Area: 10-New Castle Proper
Original List Price: 2300000
Asking Price: 2300000
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 - Half: 2
Lot Size: 3,001 - 6,000
Acreage: Refer to Lot Size
Garage: None
Pre-Fabricated Home: No
Listing Info
Listing Date: 2024-04-16
Seller is licensed Realtor: No
Short Sale: No
REO: No
Foreclosure: No
Member Association: Aspen Association
County: Garfield
ADU: Yes
General Info
Sub/Loc: 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
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
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
HOA Transfer Fee: 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. 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
Fireplace
# Fireplaces: 1
Inclusions
Inclusions: Full List will be delivered with Due Diligence Documents
Exclusions
Exclusions: Full List will be delivered with Due Diligence Documents
Property Features
Style: Other
Construction: Brick; Frame; Stone
Substructure: Crawl Space; Finished Basement
Roof: Membrane
Condition: Excellent
Heating: Forced Air; Wood Stove
Gas: Natural Gas
Cooling: Central A/C
Sanitation: Sewer
Fireplace: Wood Burning
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

Listing Office: Slifer Smith & Frampton RFV

Last Updated: April - 18 - 2024

316 W Main Street, New Castle, CO 81647 - MLS# 183302
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.


Broker Attribution: (970) 925-8088