Ready-to-Build Senior Housing
For Sale
$2,900,000
Hill and Delaware Street, Jessup, PA 18434
Residential land & home lots
Property SizeContact for details
Lot Size12.00 Acres
Days on Market605
Property Features for Hill and Delaware Street
General Information
Standard status
Active
Property type
Residential land & home lots, Land
Elevators
N/A
Lot size
12.00 Acres
Listed By:
Sunita Arora
(570) 510-5840
Added: Jan 8, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 12-acre parcel in Jessup, Pennsylvania, is fully approved for the development of a 146-unit senior housing community. The project is shovel-ready, with all necessary approvals secured, including a completed land development plan and an NPDES permit. Building plans, ready for code review, detail two three-story buildings. Building One is designed to house 71 units, including 56 one-bedroom and 15 two-bedroom apartments, while Building Two will feature 75 units, consisting of 30 one-bedroom and 45 two-bedroom apartments. This development is positioned to address the increasing demand for senior living accommodations. Financial incentives are available, including a 10-year LERTA offering tax savings and Pennsylvania Opportunity Zone eligibility.
Key Highlights
- This remarkable 12‑acre parcel of vacant commercial land is fully approved and ready to break ground for a 146‑unit Senior Housing Apartment project. Strategically located in Jessup, PA, this project has been meticulously planned to meet the growing demand for senior living. The development includes two thoughtfully designed three‑story buildings. Building One features 71 units, consisting of 56 one‑bedroom and 15 two‑bedroom apartments. Building Two offers 75 units, with 30 one‑bedroom and 45 two‑bedroom apartments. The project is shovel‑ready, with approvals in place, including a completed land development plan, NPDES permit, and building drawings ready for code review. Adding to its appeal, this property offers significant financial incentives, including a 10‑year LERTA providing substantial tax savings and PA Opportunity Zone eligibility for long‑term investment benefits. This is an unparalleled opportunity for a developer to bring a fully approved, ready‑to‑go senior housing community to life in a prime location. Act now to turn this vision into reality and create a lasting impact in a growing market.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 18434, PA
4,093
Population
1,902
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
671
Density / Sq Mi
$60,396
Median Household Income
$43,304
Median Earnings
$902
Median Rent
$164,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at Hill and Delaware Street Jessup, PA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: This remarkable 12‑acre parcel of vacant commercial land is fully approved and ready to break ground for a 146‑unit Senior Housing Apartment project. Strategically located in Jessup, PA, this project has been meticulously planned to meet the growing demand for senior living. The development includes two thoughtfully designed three‑story buildings. Building One features 71 units, consisting of 56 one‑bedroom and 15 two‑bedroom apartments. Building Two offers 75 units, with 30 one‑bedroom and 45 two‑bedroom apartments. The project is shovel‑ready, with approvals in place, including a completed land development plan, NPDES permit, and building drawings ready for code review. Adding to its appeal, this property offers significant financial incentives, including a 10‑year LERTA providing substantial tax savings and PA Opportunity Zone eligibility for long‑term investment benefits. This is an unparalleled opportunity for a developer to bring a fully approved, ready‑to‑go senior housing community to life in a prime location. Act now to turn this vision into reality and create a lasting impact in a growing market.
