# 502 W Main Street, New Castle, CO 81647 > **TL;DR:** commercial, $1,450,000. Est. $7,755/mo. Listed 136 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,450,000 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 136 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,332 | | Estimated Insurance | $423 | | **Total** | **$7,755** | ## Description ### Agent Description 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. ## Location - **Address:** 502 W Main Street, New Castle, CO 81647 - **County:** Garfield - **Coordinates:** 39.571693, -107.535589 - **Google Maps:** https://www.google.com/maps?q=39.571693,-107.535589 ## Listing Agent - **Name:** Kyle Serrano - **Brokerage:** VENTURE GROUP - **Broker Phone:** 970-778-0796 ## Photos ![502 W Main Street - Photo 1](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f1332566833r.jpg) ![502 W Main Street - Photo 2](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f3499828890r.jpg) ![502 W Main Street - Photo 3](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f3663465448r.jpg) ![502 W Main Street - Photo 4](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f1591203898r.jpg) ![502 W Main Street - Photo 5](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2388818977r.jpg) ![502 W Main Street - Photo 6](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f1582146533r.jpg) ![502 W Main Street - Photo 7](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2230145890r.jpg) ![502 W Main Street - Photo 8](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f943627542r.jpg) ![502 W Main Street - Photo 9](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f1395781594r.jpg) ![502 W Main Street - Photo 10](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f3238305392r.jpg) ![502 W Main Street - Photo 11](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2490406589r.jpg) ![502 W Main Street - Photo 12](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f383437588r.jpg) ![502 W Main Street - Photo 13](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f1141674593r.jpg) ![502 W Main Street - Photo 14](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f176742070r.jpg) ![502 W Main Street - Photo 15](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2368266972r.jpg) ![502 W Main Street - Photo 16](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f3492494469r.jpg) ![502 W Main Street - Photo 17](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2746638172r.jpg) ![502 W Main Street - Photo 18](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f3793074463r.jpg) ![502 W Main Street - Photo 19](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f839139713r.jpg) ![502 W Main Street - Photo 20](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2150361323r.jpg) ![502 W Main Street - Photo 21](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2981858887r.jpg) ![502 W Main Street - Photo 22](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f1478283560r.jpg) ![502 W Main Street - Photo 23](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f3463153438r.jpg) ![502 W Main Street - Photo 24](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2303356005r.jpg) ![502 W Main Street - Photo 25](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f2600431628r.jpg) ![502 W Main Street - Photo 26](http://lh.rdcpix.com/58efad9d78774f7fc3ba000e7c19744el-f1958389153r.jpg) --- **MLS#:** 20262854 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/502-w-main-street-new-castle-co-81647-ec8ef4587dda452489a9bdcaa0d8fd8d) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/502-w-main-street-new-castle-co-81647-ec8ef4587dda452489a9bdcaa0d8fd8d#listing", "url": "https://www.propertysimple.ai/listing/502-w-main-street-new-castle-co-81647-ec8ef4587dda452489a9bdcaa0d8fd8d", "name": "502 W Main Street, New Castle, CO 81647", "description": "Commercial and Multi-Family/Short Term Rental Investment property in the desirable mountain town of New Castle, CO! 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