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    Palace Dr Gettysburg, PA 17325

    Sponsored
    For Sale
    $680,800

    5.92 Acres, Mixed-Use Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.92-acre commercial land parcel presents a remarkable development opportunity in Gettysburg, Pennsylvania. Located on Palace Drive, with APN 09-F11-0141-000, the property is zoned for mixed-use development, offering a wide range of possibilities. The asking price is $680,800, translating to $115,000 per acre. Its prime location, just 2.5 miles from Gettysburg's vibrant downtown area and less than 15 miles from the Pennsylvania/Maryland border, provides unparalleled access to a thriving tourist destination attracting over 1.5 million visitors annually. The strong demographics within a 2.5-mile radius support a variety of retail and business ventures. Permitted uses under the mixed-use zoning include, but are not limited to, multi-family dwellings, bed and breakfasts, hotels, motels, inns, nursery schools, and daycare centers. This versatile property offers significant potential for investors seeking a high-return development project in a historically rich and conveniently located area of Cumberland County. The property's size and zoning flexibility make it an ideal canvas for a diverse range of commercial and residential projects, capitalizing on the area's robust tourism and strong local economy. This is a rare opportunity to acquire a substantial land parcel in a highly desirable location with significant upside potential. The zip code is 17325.

    Property Features for 0 Palace Dr

    General Information

    Property type
    Land
    Lot Size
    257,875 SF

    HighLights

    • 5.92‑acre mixed‑use development parcel in Gettysburg, PA.
    • Located 2.5 miles from Gettysburg's downtown and 15 miles from the PA/MD border, near a major tourist area with over 1.5 million annual visitors.
    • Strong demographics within a 2.5‑mile radius support various retail and business ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gettysburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.2354392
    Latitude
    39.8642582

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    FAQs

    What type of property is this?
    Land - 5.92 Acres, Mixed-Use Zoning
    Where is this land located?
    The property is located at Palace Dr Gettysburg, PA.
    What is the asking price?
    The asking price for this property is $680,800.
    What are key features of this property?
    This property features: 5.92-acre mixed-use development parcel in Gettysburg, PA.; Located 2.5 miles from Gettysburg's downtown and 15 miles from the PA/MD border, near a major tourist area with over 1.5 million annual visitors.; Strong demographics within a 2.5-mile radius support various retail and business ventures.
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    Palace Dr Gettysburg, PA 17325
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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
    Palace Dr Gettysburg, PA 17325
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