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    Hill and Delaware Street Jessup, PA 18434

    For Sale
    $2,900,000

    146-Unit Senior Housing Development Ready to Build

    Description

    Added:
    Jan 8, 2025
    Days on Market:
    336
    This exceptional 12-acre parcel in Jessup, PA, presents a fully approved opportunity to develop a 146-unit senior housing community. The project is shovel-ready, with all necessary approvals secured, including a completed land development plan and NPDES permit. Building plans, ready for code review, detail two three-story buildings. Building One will house 71 units (56 one-bedroom, 15 two-bedroom), while Building Two will feature 75 units (30 one-bedroom, 45 two-bedroom). This development is strategically positioned to capitalize on the increasing demand for senior living accommodations. Significant financial incentives are available, including a 10-year LERTA offering substantial tax savings and Pennsylvania Opportunity Zone eligibility for enhanced long-term investment returns. This is a unique chance to construct a high-demand senior housing project in a prime location, leveraging pre-approved plans and attractive financial benefits. The property is priced at $2,900,000. Don't miss this exceptional investment opportunity.

    Property Features for Hill and Delaware Street

    General Information

    Property type
    Residential land & home lots
    Elevators
    N/A
    Lot Size
    522,720 SF

    HighLights

    • Fully approved 146‑unit senior housing project, ready for immediate development.
    • 12‑acre parcel in Jessup, PA, with two three‑story buildings planned.
    • Significant tax incentives including 10‑year LERTA and PA Opportunity Zone eligibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Jessup
    State
    Pennsylvania

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    FAQs

    What type of property is this?
    Residential land & home lot - 146-Unit Senior Housing Development Ready to Build
    Where is this residential land & home lot located?
    The property is located at Hill and Delaware Street Jessup, PA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Fully approved 146-unit senior housing project, ready for immediate development.; 12-acre parcel in Jessup, PA, with two three-story buildings planned.; Significant tax incentives including 10-year LERTA and PA Opportunity Zone eligibility.
    (570) 510-5840
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    Hill and Delaware Street Jessup, PA 18434
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hill and Delaware Street Jessup, PA 18434
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