When a classic car appears for sale, sometimes what can be seen in the background of the supplied photos can be just as intriguing as the car itself. That is the case with this 1970 Mustang Convertible. It shows promise as a project build, but it shares yard space with some pretty desirable machinery, as you can see in this shot. It would be interesting to know whether the owner intends to sell the C2 Corvette Coupes that we can spot and what specifications they are. That could be a story for another time, but we’ve got a Mustang to think about at present. It is located in Buena Vista, Colorado, and has been listed for sale here on Facebook. The owner has set the sale price at $8,500 OBO. I have to say a huge thank you to Barn Finder John for spotting this collection for us.

Before we delve more deeply into this Mustang, maybe we should look at what else it has for the company. I can spot a couple of Shelbys and what appears to be a mid-1970s Firebird. It seems like there is also a VW Beetle and at least one Barracuda. That’s quite a selection, and I suspect that we are quite literally just seeing the tip of the iceberg. The fact that the owner has left these highly desirable cars exposed to snow and the elements is enough to break the heart of many enthusiasts.

This Mustang has seen better days, but you need to read the Marti Report that the owner holds to realize how incredible it must have looked when new. It rolled off the line wearing Dark Ivy Green Metallic paint with a Black power top. The orange paint that it now wears is a later addition, and you have to wonder whether someone applied it at the same time that the original wheels and covers were swapped for a set of Magnum 500s. The panels are surprisingly straight, and when we reach the question of rust, the owner only identifies some in the lower rear quarter panels. However, I can spot areas developing in the lower doors and front fenders, and it also looks like the lower extremities might have some Bondo that would require investigating. We receive no information about the state of the floors and frame, but if the car has been exposed to the elements, especially with a shredded soft-top, there’s a fair chance that the floors will need some work.

It isn’t just the Mustang’s exterior that has undergone a few changes because its interior is now upholstered in Black vinyl. Once again, the Marti Report indicates that it initially complemented the exterior in featuring Ivy vinyl. Given how badly it has deteriorated, the buyer will need to restore the interior. That will allow them the opportunity to return it to its original shade. It does appear to be essentially complete, so a $2,000 trim kit will set the buyer on the right track. The only missing item seems to be the original AM/FM stereo radio because it appears that the factory tach is intact. Once restored, this interior should look pretty sweet.

It isn’t clear whether the Mustang is numbers-matching, but we know that it started life equipped with an H-Code 351ci V8 and a 4-speed manual transmission. The drivetrain is complete, and that 351 would have produced a healthy 250hp when it was new. That didn’t make this the most potent Mustang on the planet, but its 15.5-second ¼-mile ET would have looked respectable in 1970. The listing utilizes that quote that is guaranteed to get the blood boiling in some people. Yep, this classic “ran when parked.” There’s no indication of when the owner parked the car, but he seems to think that a simple fuel system clean should see it roar back to life. If that’s the case, it could be positive news for potential buyers.

This 1970 Mustang Convertible could make a fantastic project build, and with values continuing to creep upwards, it could also be a sound long-term investment. However, my attention keeps getting drawn back to the other cars in the yard, and it makes me wonder what their fate will be. Would you be tempted to pursue the Mustang further, or would you contact the owner to try and secure one of the other classics that he has left to fend for itself?