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Sold for $1,495,000 on 07/15/25
  • $1,495,000

    316 W Main St, New Castle, CO 81647

    4beds
    4,621sqft
    Single Family Residence
    Built in 1894
    4,791.6 Square Feet Lot
    $1,516,200 Zestimate®
    $324/sqft
    $2,923 Estimated rent

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    What's special

    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. EAT Bistro and Drinks is open four nights per week (Wednesday - Saturday) and they have 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 billiards room 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. Call today to schedule a showing or even better, make a dinner reservation and experience everything the Rock Saloon has to offer! To watch property video, copy and past the following link: https://www.youtube.com/watch?v=v_6Fdo0o4HE

    Zillow last checked: 8 hours ago

    Listing updated: July 16, 2025 at 12:05pm

    Listed by:

    Mike Eaton (970)925-8088,

    Slifer Smith & Frampton RFV,

    Lloyd Tucker 970-309-0169,

    Slifer Smith & Frampton RFV

    Bought with:

    Pete Bellande, FA.100042332

    Compass Aspen

    Source: AGSMLS,MLS#: 183302

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Wood Stove, Forced Air
    Cooling
    • Central Air
    Features
    • Basement: Finished,Crawl Space
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 4,621
    • Total interior livable area: 4,621 sqft

    Property

    Lot
    • Size: 4,791 sqft
    • Features: Landscaped
    Details
    • Additional structures: Outbuilding
    • Parcel number: 212331109020
    • Zoning: C-1 Commercial

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    Materials
    • Stone, Frame, Brick
    • Roof: Membrane
    Condition
    • Excellent
    • New construction: No
    • Year built: 1894

    Utilities & green energy

    • Water: Public
    • Utilities for property: Natural Gas Available

    Community & neighborhood

    Location
    • Region: New Castle
    • Subdivision: Townsite of New Castle

    Other

    Other facts
    • Listing terms: New Loan,Cash