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22228 Us-119 Punxsutawney, PA 15767

Sponsored
For Sale
$1,175,000

32 Acres, Comm Zoning, Keystone Opportunity Zone

Description

Added:
Dec 11, 2024
Days on Market:
391
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 Features for 22228 Us-119

General Information

Property type
Land
Lot Size
1,400,890 SF

HighLights

  • 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).
  • Existing infrastructure includes gas line (tap installed), 3‑phase Penelec power, and septic approval.
  • Approved Highway Occupancy Permit (HOP) for up to 3,000 vehicles daily.
  • Asking price: $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

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).
More about this property
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