Unlock the possibilities at 431 Park Ave, New Castle, CO. This is the project you've been waiting for! Whether you're looking for your next investment, a complete renovation, or a fresh start with a brand-new custom home, this property offers exceptional potential.The sale includes the existing home, ready for a full remodel or demolition, situated on six Old Town lots, plus a separate neighboring riverfront parcel with direct access to Elk Creek. With the generous footprint and flexible layout, there may be opportunities to subdivide the lots (buyer to verify with the Town of New Castle), build two homes with river frontage, develop a multifamily project, or create your dream home with incredible outdoor space.A unique feature of the property is a natural spring located below the homesite near the river, which feeds a peaceful retention pond, adding to the property's natural beauty and creating a truly one-of-a-kind setting.Adding to the property's charm is an established orchard featuring apple, plum, chokecherry, apricot, and peachcot trees, providing beauty and seasonal harvests for years to come.Properties with this much land, river access, natural water features, and development potential are hard to find. Bring your vision and transform this unique opportunity into something truly special!