Courtesy: Compass Aspen
970-925-6063
Rare opportunity to own a lot totaling 7,500 sq ft in the heart of historic downtown New Castle. Located directly on Main Street, this property is zoned for commercial use and offers excellent visibility, walkability, and access to local shops, dining, and community amenities. With flat topography and a central location, the site is ideally suited for a variety of potential uses—whether retail, mixed-use, or an investment hold for future development. Recent assessed value increases highlight the growth and demand in the area Take advantage of this rare chance to secure land along New Castle's vibrant Main Street corridor.
Commercial and Multi-Family/Short Term Rental Investment property in the desirable mountain town of New Castle, CO! Located downtown on Main Street, this property could be a possible work-live scenario, or be used strictly for investment with a current cap rate of over 8%. Property has 7 individual residential units used for Short Term Rentals currently (AirBNB / VRBO), as well as a commercial unit on main level with infrastructure for a restaurant, but currently leased to a Salon through 2029. The entire property has been remodeled and updated, and comes turn-key with all furnishings, equipment and FF&E used for the short-term rental business. Rare property to find in a quickly appreciating mountain-town, with strong existing cash-flow and still upside for increased NOI.
Courtesy: Slifer Smith & Frampton RFV
970-927-8188
Outstanding Location, across the street from McDonalds, and Kum & Go. This great location is high traffic, high visibility for retail shops, professional offices or in-line center. Many more possibilities for this one-of-a-kind location.
New Castle is located in Colorado. New Castle, Colorado has a population of 4,883. New Castle is more family-centric than the surrounding county with 54.43% of the households containing married families with children. The county average for households married with children is 39.32%.
The median household income in New Castle, Colorado is $79,849. The median household income for the surrounding county is $77,212 compared to the national median of $69,021. The median age of people living in New Castle is 36.3 years.
The average high temperature in July is 90.1 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 15 inches per year, with 46.5 inches of snow per year.
