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316 W Main Street

New Castle, CO 81647
  • $2,300,000
  • STATUS: Active
  • ON SITE: 84 Days
  • MLS #: 183286
$2,300,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1894
County:

School Ratings & Info

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. Currently, open only four nights per week, the restaurant has 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 pool hall 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. Come check it out and experience everything the Rock Saloon has to offer! Copy and paste the link below to watch property video. https://www.youtube.com/watch?v=v_6Fdo0o4HE

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© 2024 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lane Johnson Team | Compass.

Data last updated: 2024-07-12T23:38:31.613.
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316 W Main Street New Castle, CO 81647

  • Price: $2,300,000
  • Status: Active
  • On Site: 84 Days
  • MLS #: 183286
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1894
Built
Neighborhood:
Townsite Of New Castle
County:
Garfield
Area:
10-New Castle Proper
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. Currently, open only four nights per week, the restaurant has 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 pool hall 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. Come check it out and experience everything the Rock Saloon has to offer! Copy and paste the link below to watch property video. https://www.youtube.com/watch?v=v_6Fdo0o4HE
Exterior Features

Foundation Details Slab Roof Membrane

Property Features

Area New Castle Building Area Total 4621 Possession DOD Property Condition Good Property Sub Type Commercial Property Type Label Commercial Sale Tax Amount 3092.16 Tax Legal Description Section: 31 Township: 5 Range: 90 Subdivision: ORIGINAL TWNSTE NEW CASTLE Block: B Lot: 3 AND:- Lot: 4 Tax Year 2023 Water Source Public Zoning Commericial

Listing provided courtesy of Slifer Smith & Frampton RFV: (970) 925-8088. Listing information © 2024 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
© 2024 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lane Johnson Team | Compass.

Data last updated: 2024-07-12T23:38:31.613.
 
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Lane Johnson Team | Compass
625 E Hyman Ave, Suite 104
Aspen CO, 81611