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Property profile & analytics
OFF-MARKET
Land

0 Pacific Ave Reedsville, PA 17063

19.24 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 19.24-acre land parcel in Milroy, Pennsylvania, presents a unique investment opportunity. Located on Pacific Avenue in Mifflin County (zip code 17063), this property is part of the Shalamar Gardens Land Development Plan in Armagh Township. The plan encompasses the subdivision of the land into 138 individual lots, creating a new residential community. Currently under construction are ten and a half duplex units, each boasting three bedrooms, two bathrooms, a rear patio, and a garage. These units are described as very nicely constructed. The development includes planned roadways, utilities, and stormwater management facilities. Roadways will be dedicated to the township, while a homeowners association will maintain the stormwater management facilities post-development. Access to the site is via Hill Street in Milroy. The final acreage conveyed will depend on the number of units purchased. The asking price for this substantial land holding, inclusive of the ten and a half duplex units under construction, is $2,109,000. This represents a significant opportunity to acquire a substantial portion of a thriving new residential development.

Property profile
Verified
Property type Land
Lot 19.24 ac (838,094 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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