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Property profile

0 Main St Slippery Rock, PA 16057

OFF-MARKET
Land
53 ac lot
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Property summary

AI-generated overview

This exceptional 53-acre parcel in Slippery Rock, Pennsylvania, presents a unique mixed-use development opportunity. Located just west of and within walking distance of the vibrant downtown area, this property boasts a prime location with easy access to all public utilities. The land has already received Slippery Rock Township's Comprehensive Plan approval for higher-density mixed-use development, significantly streamlining the permitting process. This simplifies development and opens doors to potential local assistance and funding resources. The site is currently undeveloped, offering a blank canvas for a thoughtfully designed project. Envision a thriving community incorporating modest, affordable single-family homes, carriage homes, or townhouses, complemented by community-oriented shops and recreational amenities, creating a traditional neighborhood feel. The ongoing growth of Slippery Rock University's student population provides a strong, consistent demand for housing, further enhancing the investment potential. This development promises to become a highly desirable new neighborhood within the existing downtown area, attracting both residents and college professionals. The property's address is N Main Street & Water Street, with the APN also listed as N Main Street & Water Street, and is zoned for Mixed-Use Residential development. The land is owned by the Land Company of Slippery Rock. The asking price is $22,000 per acre.

Property profile

Verified
Property type Land
Lot 53 ac (2,308,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Main St Slippery Rock, PA 16057
Slippery Rock metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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