For Sale
$2,900,000

& Delaware Hill StJessup, PA 18434

12-Acre Shovel-Ready Senior Housing Development

Overview

Added:
Feb 3
Days on market:
61
This exceptional 12-acre commercial land parcel in Jessup, Pennsylvania, presents a fully approved and ready-to-build opportunity for a 146-unit senior housing apartment complex. The meticulously planned project comprises two three-story buildings. Building One will house 71 units (56 one-bedroom and 15 two-bedroom apartments), while Building Two will feature 75 units (30 one-bedroom and 45 two-bedroom apartments). All necessary approvals are in place, including a finalized land development plan, an NPDES permit, and building drawings prepared for code review. This "shovel-ready" status significantly reduces development time and associated costs. The property's strategic location in Jessup, PA, caters to the increasing demand for senior living accommodations in the area. Furthermore, significant financial incentives are available, including a 10-year LERTA (Local Economic Revitalization Tax Assistance) program, offering substantial tax savings, and eligibility for Pennsylvania Opportunity Zone benefits, providing long-term investment advantages. This presents a unique chance for developers to capitalize on a high-demand market with a fully permitted and financially advantageous project. This is a truly exceptional opportunity to create a thriving senior living community in a prime location. The asking price is $2,900,000.

Property Details for & Delaware Hill St

Property type
Year Built
1700
Lot Size (sq. ft)
522,720 SF

Location Insight

City
Jessup
County
Lackawanna
State
Pennsylvania
Latitude
41.4521
Longitude
-75.6148
& Delaware Hill St, Jessup, Pennsylvania

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& Delaware Hill St
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