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 9.22% if ran as an STR operation. Pro-Forma Cap is nearly at 12% if converted to long term rentals. All FF&E and furnishings included! 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.
Courtesy: Keller Williams Colorado West Realty (GWS)
970-945-8988
Rare opportunity to own a prime commercial corner lot in the heart of downtown New Castle! Located at 600 W Main Street, this 7,500 SF parcel offers exceptional visibility and frontage along both Main Street and 6th Street--making it an ideal location for a wide range of business or development opportunities. Zoned C-1 Commercial, the property allows for flexible uses including retail, office, dining, and mixed-use development. Positioned in a high-traffic, transit-adjacent area, this lot benefits from strong exposure and accessibility in one of the town's most active corridors. Surrounded by a growing mix of local businesses and community activity, this site presents a compelling investment in a thriving mountain town with increasing demand and development momentum. Whether you're an investor, developer, or business owner, this is a unique chance to secure a highly visible, strategically located parcel in downtown New Castle.
Courtesy: Keller Williams Colorado West Realty (GWS)
970-945-8988
Discover a prime commercial opportunity in New Castle with this flat, usable 2-acre lot located in the Burning Mountain PUD next to New Castle Plaza. The lot is located next to the New Hope and La Roca churches, which host a variety of local community events throughout the year. Perfect for a variety of businesses, the permitted uses include retail stores such as hardware, food and clothing shops, as well as personal services like barber shops, beauty salons or a laundromat. The lot is also ideal for recreational services, including restaurants, hotels, or a movie theater. New Castle Plaza is home to a large grocery store, several office spaces, two restaurants, a coffee shop, hair salon and bank. Enjoy close proximity to a variety of services for the local community and easy access to the I-70 corridor. With the I-70 corridor seeing 30,000 vehicles daily and 80,000 residents in nearby towns, New Castle is primed for commercial growth.
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.
