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    Pacific Ave Milroy, PA 17063

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    For Sale
    $7,850,000

    Residential development opportunity with immediate income and future upside.

    Property size:
    16 SF
    Lot size:
    16.96 Acres

    Property Features for Pacific Ave

    General Information

    Size
    16 SF
    Lot size
    16.96 Acres

    Source: Robin Zellers, SIOR, FRICS, CRE Agent Robin Zellers, SIOR, FRICS, CRE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Development Opportunity in Milroy

    Shalamar Gardens presents a residential development opportunity in Milroy, PA, conveniently located near Penn State's main campus. Phase 1 of the community features 57 completed units, including 16 rental units and 11 units completed and listed for sale, offering immediate income potential. Phase 2 is fully approved for an additional 40 duplexes, totaling 80 units, with core infrastructure, including the infiltration basin, already in place. This shovel-ready project, situated on 16 acres, provides residential developers a clear path to scale in a growing Central Pennsylvania submarket within an established neighborhood setting with expansion potential.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Milroy
    County
    Mifflin
    State
    Pennsylvania
    Longitude
    -77.488
    Latitude
    40.7567

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    FAQs

    What type of property is this?
    Land - Residential development opportunity with immediate income and future upside.
    Where is this land located?
    The property is located at Pacific Ave Milroy, PA.
    What is the asking price?
    The asking price for this property is $7,850,000.
    What are key features of this property?
    This property features: - Shovel-ready project with approved plans for 80 additional units.; - Immediate income potential from 57 completed units.; - Core infrastructure, including the infiltration basin, is already in place.
    (717) 773-1502
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    Pacific Ave Milroy, PA 17063
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    Milroy, PA 17063
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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
    Pacific Ave Milroy, PA 17063
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