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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.
Property Type(s):
Commercial
| Last Updated | 3/18/2025 | Year Built | 0 |
|---|---|---|---|
| Community | New Castle | County | Garfield |
Additional Details
| AREA | New Castle |
|---|---|
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 50 x 100 |
| TAXES | 5891.44 |
| ZONING | Commercial |
Location
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Listing provided by KYLE SERRANO, VENTURE GROUP
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
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