Hill and Delaware Street Jessup, PA 18434
- Added:
- Jan 8, 2025
- Days on Market:
- 447
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for Hill and Delaware Street
General Information
- Standard status
- Active
- Property type
- Residential land & home lots, Land
- Elevators
- N/A
- Lot size
- 12.00 Acres
Listing agent Sunita (570) 510-5840
Listing office (570) 510-5840
Listing date Jan 8, 2025
Overview
Ready-to-Build Senior Housing Development
This 12-acre parcel in Jessup, Pennsylvania, is fully approved for the development of a 146-unit senior housing community. The project is shovel-ready, with all necessary approvals secured, including a completed land development plan and an NPDES permit. Building plans, ready for code review, detail two three-story buildings. Building One is designed to house 71 units, including 56 one-bedroom and 15 two-bedroom apartments, while Building Two will feature 75 units, consisting of 30 one-bedroom and 45 two-bedroom apartments. This development is positioned to address the increasing demand for senior living accommodations. Financial incentives are available, including a 10-year LERTA offering tax savings and Pennsylvania Opportunity Zone eligibility.
Location Intelligence
Current Use by Public Records
Residential land & home ...
Map
- City
- Jessup
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.548
- Latitude
- 41.4614
Nearby Similar for Sale
FAQs
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: This remarkable 12‑acre parcel of vacant commercial land is fully approved and ready to break ground for a 146‑unit Senior Housing Apartment project. Strategically located in Jessup, PA, this project has been meticulously planned to meet the growing demand for senior living. The development includes two thoughtfully designed three‑story buildings. Building One features 71 units, consisting of 56 one‑bedroom and 15 two‑bedroom apartments. Building Two offers 75 units, with 30 one‑bedroom and 45 two‑bedroom apartments. The project is shovel‑ready, with approvals in place, including a completed land development plan, NPDES permit, and building drawings ready for code review. Adding to its appeal, this property offers significant financial incentives, including a 10‑year LERTA providing substantial tax savings and PA Opportunity Zone eligibility for long‑term investment benefits. This is an unparalleled opportunity for a developer to bring a fully approved, ready‑to‑go senior housing community to life in a prime location. Act now to turn this vision into reality and create a lasting impact in a growing market.
