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Property profile & analytics
OFF-MARKET
Commercial real estate

& Delaware Hill St Jessup, PA 18434

12 ac lot Built 1700
Property ID
Property summary
AI-generated overview

This exceptional 12-acre commercial land parcel in Jessup, Pennsylvania, presents a fully approved and ready-to-build opportunity for a 146-unit senior housing apartment complex. The meticulously planned project comprises two three-story buildings. Building One will house 71 units (56 one-bedroom and 15 two-bedroom apartments), while Building Two will feature 75 units (30 one-bedroom and 45 two-bedroom apartments). All necessary approvals are in place, including a finalized land development plan, an NPDES permit, and building drawings prepared for code review. This "shovel-ready" status significantly reduces development time and associated costs. The property's strategic location in Jessup, PA, caters to the increasing demand for senior living accommodations in the area. Furthermore, significant financial incentives are available, including a 10-year LERTA (Local Economic Revitalization Tax Assistance) program, offering substantial tax savings, and eligibility for Pennsylvania Opportunity Zone benefits, providing long-term investment advantages. This presents a unique chance for developers to capitalize on a high-demand market with a fully permitted and financially advantageous project. This is a truly exceptional opportunity to create a thriving senior living community in a prime location. The asking price is $2,900,000.

Property profile
Verified
Property type Commercial real estate
Year built 1700
Lot 12 ac (522,720 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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