22228 Us-119Punxsutawney, PA 15767

Property Details for 22228 Us-119

Lot size

32.16 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 32.16-acre commercial land parcel presents a unique investment opportunity in Punxsutawney, Pennsylvania. Strategically located at 22228 Route 119, the property boasts a prime location offering both privacy and convenient access to major attractions. The land is zoned for commercial use ("Comm"), providing flexibility for a wide range of development projects. A significant advantage is the property's approval under the Keystone Opportunity Zone (KOZ) program, offering a substantial tax incentive: no real estate taxes on improvements for a full ten years following construction. Infrastructure is already in place, including a gas line with a tap already installed, and Penelec 3-phase power readily accessible on both the east and west property edges. Septic approval is also in place, simplifying the development process. The property's location spans both Young Township and Punxsutawney Borough. Furthermore, a HOP (Highway Occupancy Permit) has been approved for a daily maximum of 3,000 vehicles, making it ideal for projects requiring high traffic volume. This expansive parcel offers significant potential for developers seeking a prime location with substantial tax benefits and established infrastructure. The asking price is $1,175,000.

Location Insight

City

Punxsutawney

County

Jefferson

State

Pennsylvania

Latitude

40.9276

Longitude

-78.9837

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