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    Rd/20 Hill Rd Denver, PA 17517

    Sponsored
    For Sale
    $2,500,000

    5.4-Acre Redevelopment Opportunity in Denver, PA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.4-acre commercial land parcel presents a prime redevelopment opportunity in Denver, Pennsylvania. Strategically located on North Reading Road, just off the Pennsylvania Turnpike entrance, this corner lot boasts significant road frontage and visibility. The property is zoned General Commercial C-1, allowing for a diverse range of retail and commercial uses. With over 16,000 vehicles passing North Reading Road daily and easy access to I-76 (carrying over 28,000 vehicles daily), this site offers unparalleled exposure and accessibility. New Hill Road is partially complete, with the Route 272 corners already curbed, paved, and seeded. Updated lot lines are in place, simplifying the development process. This location provides a unique chance for retailers to establish a strong presence in the thriving Denver community market. The asking price is $2,500,000. This is a rare opportunity to acquire a well-positioned, sizable parcel ready for immediate development. The property's high traffic count, convenient location, and flexible zoning make it an ideal investment for discerning developers seeking significant return.

    Property Features for Rd/20 Hill Rd

    General Information

    Property type
    Land
    Lot Size
    235,224 SF

    HighLights

    • 5.4‑acre commercial land parcel in Denver, PA, ideal for redevelopment.
    • Corner lot with significant road frontage on North Reading Road, near the PA Turnpike entrance.
    • Zoned General Commercial C‑1, allowing diverse retail and commercial uses.
    • High traffic counts: North Reading Road (15,000 VPD) and I‑76 (28,000 VPD) provide excellent visibility and accessibility.
    • Asking price: $2,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.0929314
    Latitude
    40.2263185

    Nearby Comparable

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    Nearby Similar for Sale

    • $2,500,000
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    FAQs

    What type of property is this?
    Land - 5.4-Acre Redevelopment Opportunity in Denver, PA
    Where is this land located?
    The property is located at Rd/20 Hill Rd Denver, PA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 5.4-acre commercial land parcel in Denver, PA, ideal for redevelopment.; Corner lot with significant road frontage on North Reading Road, near the PA Turnpike entrance.; Zoned General Commercial C-1, allowing diverse retail and commercial uses.
    (717) 738-9986
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    Rd/20 Hill Rd Denver, PA 17517
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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
    Rd/20 Hill Rd Denver, PA 17517
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