316 West Main Street

New Castle CO 81647

4621 sq. ft.

5000 sq. ft.

Single-Family

Last sold for $1,495,000

Mike Eaton, last sold this property on 15 July 2025 after -359 days on market.

Overview

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

Features

4 bedrooms

4 bathrooms

2 carspaces

4621 sq. ft. floor area

5000 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in New Castle over the last 12 months, the estimated median property value of 316 West Main Street is $985k.

Median value

$985k

Estimated value range

$650k - $1.85m

Median days on market

100

Estimated value trend

29%

increase over the last 12 months

Average days on market is based on recent, comparable sales in New Castle. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 316 West Main Street

2025

Sold

$1,495,000

15 Jul 2025 by Mike Eaton, of Slifer Smith & Frampton RFV

Happy sellers in New Castle

We have insufficient information to provide an overview of customer satisfaction for New Castle. Viewing the agent profiles, reviews and sales for New Castle can provide insights for this location.