0 Old Forge Rd Waynesboro, PA 17268
This exceptional 30.16-acre property in Waynesboro, Pennsylvania, presents a prime investment opportunity. Located on Old Forge Rd, zip code 17268, this land is zoned R2 and offers a shovel-ready development plan for 101 duplex units, currently in the final stages of approval. The plan also includes two 10-acre commercial lots suitable for retail, dining, or assisted living facilities. The property boasts convenient access to public water, sewer, and natural gas, simplifying development. Its desirable location offers proximity to shopping, schools, parks, and recreational facilities, enhancing its appeal. The area benefits from Pennsylvania's tax exemption for retirees and no state tax on retirement income. Enjoy breathtaking mountain views in the Cumberland Valley, minutes from the Maryland border and approximately 90 minutes from Baltimore and Washington, D.C. Nearby attractions include the Michaux State Forest, the Appalachian Trail (less than half a mile away), and several golf courses, including the Waynesboro Country Club. Winter sports enthusiasts will appreciate the proximity to Ski Liberty and Whitetail Resorts. This meticulously planned development capitalizes on the growing demand for residential and commercial properties in Waynesboro, offering significant potential for investors. The property's strategic location, thoughtful design, and access to essential infrastructure make it an exceptional investment opportunity. The asking price is $2,700,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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