& Delaware Hill St Jessup, PA 18434
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.