Commercial Land - New Castle, CO
Great development potential with this mixed use parcel located on a major traffic thoroughfare. With easy access and high visibility, one option is to build 45 residential/shop units. This becomes even more lucrative when considering The Town of New Castle has approved a fifty unit senior housing project on the adjacent parcel. As an added bonus, a small portion of the parcel is up for consideration as a cell tower location bringing in a monthly income or substantial buyout. The three counties that New Castle serves as a bedroom community for have an estimated projected population increase of 38% in the next fifteen years. Sketch plan approval is in place.
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