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316 W MAIN STREET, NEW CASTLE, CO 81647

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316 W Main Street
New Castle, CO 81647

$1,500,000

Beds: 4
Baths: 2 | 2
Sq. Ft.: 4,621
Type: House
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Listing #183302
Virtual Tour
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
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Property Features
Location Information
County: Garfield
MLS Area: 10-New Castle Proper
Latitude: 39.571718
Longitude: -107.533755
Minor Area: 10-New Castle Proper
Subdivision: Townsite of New Castle
Directions: Drive north off of New Castle Exit. Turn left at 4 way stop. Drive straight to 316 W Main.
Interior Features
Full Baths: 2
1/2 Baths: 2
Number of Fireplaces: 1
Heating: Wood Stove, Forced Air
Cooling: Central Air
Exterior Features
Style: Other
Roof: Membrane
Water: Public
Lot Size in Acres: 0.11
Condition: Excellent
Building Total Area (Sq. Ft.): 4,621
Additional Information
Possession: DOD
Property Type: SFR
Property SubType: Single Family Residence
Year Built: 1894
Status: Active
HOA Includes: Sewer
Tax Year: 2023
Tax Amount: $3,092.16

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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of Slifer Smith & Frampton RFV (970) 925-8088
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© Copyright 2025 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.
AGSMLS data last updated at May 17, 2025, 2:44 PM MT
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1117 Grand Avenue
Glenwood Springs, CO 81601
970.947.9300


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