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Property profile

0 Palace Dr Gettysburg, PA 17325

OFF-MARKET
Land
5.92 ac lot
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Property summary

AI-generated overview

This exceptional 5.92-acre commercial land parcel presents a remarkable development opportunity in Gettysburg, Pennsylvania. Located on Palace Drive, with APN 09-F11-0141-000, the property is zoned for mixed-use development, offering a wide range of possibilities. The asking price is $680,800, translating to $115,000 per acre. Its prime location, just 2.5 miles from Gettysburg's vibrant downtown area and less than 15 miles from the Pennsylvania/Maryland border, provides unparalleled access to a thriving tourist destination attracting over 1.5 million visitors annually. The strong demographics within a 2.5-mile radius support a variety of retail and business ventures. Permitted uses under the mixed-use zoning include, but are not limited to, multi-family dwellings, bed and breakfasts, hotels, motels, inns, nursery schools, and daycare centers. This versatile property offers significant potential for investors seeking a high-return development project in a historically rich and conveniently located area of Cumberland County. The property's size and zoning flexibility make it an ideal canvas for a diverse range of commercial and residential projects, capitalizing on the area's robust tourism and strong local economy. This is a rare opportunity to acquire a substantial land parcel in a highly desirable location with significant upside potential. The zip code is 17325.

Property profile

Verified
Property type Land
Lot 5.92 ac (257,875 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Palace Dr Gettysburg, PA 17325
Gettysburg metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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