I always feel for an enthusiast who has fallen foul of a non-paying buyer, especially when the classic is a desirable vehicle like this 1970 Ford Mustang. It has a fascinating past and is a rock-solid classic that is ripe for restoration. Adding to its appeal, the engine bay houses a freshly rebuilt V8 that has clocked no miles. It is a true blank canvas, so why not take a look to decide how you would tackle its revival?

The seller indicates that this Mustang originally called San Diego, California, home. It found its way to Pennsylvania at some point, which is where a previous owner placed it in a pole barn. It is unclear exactly how long it occupied that spot, but we know that it was over thirty years. The seller liberated the Fastback a decade ago, planning a restoration to return it to its former glory. However, the loss of storage space means the Mustang needs a new home, and someone will reap the benefit. Any rust issues were addressed early, and any remaining problems are nothing but surface corrosion. There is no steel penetration, meaning the buyer will start their build on a solid foundation. The panels are straight, and it seems that most of the glass and trim is present. These items will require careful inspection to confirm whether they are fit for purpose. The new owner will probably replace some items if they plan a high-end build, although the listing images suggest that most should be fine for a driver-grade approach.

The seller supplies no interior shots or information on the trim color, meaning we are flying blind on condition. However, with the listing suggesting that this Mustang is essentially complete, the buyer shouldn’t need to purchase expensive hardware like seat frames or a dash assembly. I suspect a retrim will probably prove necessary because years in a pole barn often bring rodent infestation. Anyone who has purchased a classic where this has happened will confirm that these little guys typically leave a distinctive odor that is almost impossible to eliminate without junking trim and foam.

The solid body isn’t the only slice of good news for potential buyers, because this Mustang’s engine bay houses a 351ci “Windsor” V8. The remaining major components include a four-speed Top-Loader transmission and a 9″ Traction-Lok rear end. The V8 looks sparkling, which is understandable. It has clocked no miles since receiving a complete rebuild. That means that the buyer can break-in the engine in the way they prefer because there are always different opinions about the best approach. Its specifications are unclear, but if all goes well, that 351 should produce around 300hp once this classic finds its way back onto the street.

I always feel sad when I learn of a classic that has spent decades in storage. Few cars deserve that fate, and I find it encouraging that this 1970 Mustang has commenced its journey back to its rightful place on our roads. It is fascinating to consider that while this classic is now fifty-four years old, the combined time in the barn and the seller’s workshop means that it has only seen around fourteen years of active service. The seller listed the Fastback here on eBay in Green Lane, Pennsylvania. Their price of $21,999 OBO means it isn’t a cheap project candidate, but with the potential buyer not facing rust repairs or an engine rebuild, that figure is probably justified. Do you agree, or do you have a different price in mind?