Address
316 W Main Street, New Castle, CO
Price
$ 2,300,000
Property Attributes
  • MLS#183302
  • TypeSingle Family
  • CountyGARFIELD
  • CityNew Castle
  • AreaNew Castle
  • NeighborhoodTownsite of New Castle
  • Zip81647
  • Style
  • Year Built1894
  • Taxes$ 3092
  • Price$ 2,300,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms2
  • Sqr Footage4621
  • Lot Size0.11 Acres
Data Source:
Aspen Glenwood Springs MLS (AGSMLS)
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

Price History
4/16/2024 Listed $2,300,000

General Features

Heating Forced Air,Wood Stove
Cooling Central Air
Utilities Natural Gas Available
Possession DOD
Roof Membrane
Zoning C-1 Commercial
Association Fee Includes Sewer
Architectural Style Other
Construction Materials Stone,Frame,Brick
Full Baths 2
Half Baths 2
Year Built 1894
Property SubType Single Family Residence
Tax Year 2023
Taxes 3092.16
County Garfield
New Construction No
Property Type A
HOA / Comm Assn Yes
Attached Garage No
Subdivision Name Townsite of New Castle
Facing Direction South
Other Structures Outbuilding
Close Price 0.0
Status Active
Directions Drive north off of New Castle Exit. Turn left at 4 way stop. Drive straight to 316 W Main.
City New Castle
MLS Area New Castle
Lot Size Units Acres
Lot Size Square Feet 3500.0
Listing Terms New Loan,Cash
Property Condition Excellent
MLS Area Minor 10-New Castle Proper
Virtual Tour https://drive.google.com/file/d/1HaaqorfW3S-qyyeUYu1JPr_WvlFvpmKr/view?usp=sharing
Standard Status Active

Interior Features

Basement Crawl Space,Finished
Total Fireplaces 1
Fireplace Features Wood Burning
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Total Bathrooms 4.0
Total Baths 4
Total Bedrooms 4

Exterior Features

Model No
Parking Features 2 Car
Lot Features Landscaped
Water Source Public
Lot Size Area 0.11
Building Area Total 4621.0
Lot Size Acres 0.11

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 81647

Price
AVG $1.06M
$2.3M
Taxes
AVG $2,042
$3,092
Visits
AVG 215
665
Data Provided by Inside Real Estate®
Year Built
AVG 1984
1894

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