Pacific Ave Reedsville, PA 17084
- Land
- 19.24 lot acres
Current Use by Public Records
- Land
Property Details for 0 Pacific Ave
- Lot size
- 19.24 lot acres
- Property type
- Land
Description
Exceptional investment opportunity in Milroy, Pennsylvania. This 19.24-acre parcel, located on Pacific Avenue in Mifflin County (zip code 17084), presents a unique blend of land and income-producing assets. The property includes fifteen fully rented half-duplex residential units, some featuring garages and basements. These units boast a strong rental history and are well-constructed. The land is part of the Shalamar Gardens Land Development Plan, situated in Armagh Township, with access from Hill Street. The plan encompasses the subdivision of the 19.24-acre parcel into 138 individual lots, designed to create new residential housing. The development includes planned roadways, utilities, and stormwater management facilities. Roadways will be dedicated to the township, and a homeowners association will maintain the stormwater management systems post-development. The acreage transferred to the new buyer is contingent upon the number of units purchased. This offering presents a compelling opportunity to acquire both established rental income and significant future development potential. The asking price is $2,960,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reedsville
- County
- Mifflin
- State
- Pennsylvania
- Longitude
- -77.5872
- Latitude
- 40.7046