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, potential for 32-45 units of multi-family residential or residential/commercial/shop combination. The Town of New Castle has approved a 50 unit senior housing project on the adjacent parcel of approximately the same size and same zoning. There is also potential for a portion of the property to be used as a cell tower site, this property has been listed as a site of consideration. The three counties that New Castle serves as a bedroom community have an estimated projected population increase of 38% in the next fifteen years. Sketch Plan, Soils and Phase 1 ESA have been completed.
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