22228 Us-119 Punxsutawney, PA 15767
32 Acres, Comm Zoning, Keystone Opportunity Zone
Property Features for 22228 Us-119
General Information
- Property type
- Land
- Lot Size
- 1,400,890 SF
Listing Agency: Berkshire Hathaway HomeServices The Preferred Realty - Punxsutawney Listing Agent: Don Powell
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 32.16-acre commercial land parcel presents a unique investment opportunity in Punxsutawney, Pennsylvania. Strategically located at 22228 Route 119, the property boasts a prime location offering both privacy and convenient access to major attractions. The land is zoned for commercial use ("Comm"), providing flexibility for a wide range of development projects. A significant advantage is the property's approval under the Keystone Opportunity Zone (KOZ) program, offering a substantial tax incentive: no real estate taxes on improvements for a full ten years following construction. Infrastructure is already in place, including a gas line with a tap already installed, and Penelec 3-phase power readily accessible on both the east and west property edges. Septic approval is also in place, simplifying the development process. The property's location spans both Young Township and Punxsutawney Borough. Furthermore, a HOP (Highway Occupancy Permit) has been approved for a daily maximum of 3,000 vehicles, making it ideal for projects requiring high traffic volume. This expansive parcel offers significant potential for developers seeking a prime location with substantial tax benefits and established infrastructure. The asking price is $1,175,000.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- Punxsutawney
- County
- Jefferson
- State
- Pennsylvania
- Longitude
- -78.9837087
- Latitude
- 40.9276352
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FAQs
What type of property is this?
Land - 32 Acres, Comm Zoning, Keystone Opportunity Zone
Where is this land located?
The property is located at 22228 Us-119 Punxsutawney, PA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 32.16-acre commercial land parcel in Punxsutawney, PA.; Located at 22228 Route 119, offering both privacy and convenient access.; Commercially zoned ("Comm") with Keystone Opportunity Zone (KOZ) tax benefits (10-year real estate tax exemption on improvements).
