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Property profile & analytics
OFF-MARKET Estimated value $1,265,000
Manufacturing properties

16 Expansion Dr Lewistown, PA 17044-9397

105,772 SF 8.98 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US73-5233528
Property summary
AI-generated overview

This exceptional 30-acre industrial site, located at 16 Expansion Drive in Lewistown, Pennsylvania (zip code 17044), presents a unique investment opportunity. Situated within the Mifflin County Industrial Park, this property consists of two parcels totaling 30 acres (21.90 acres and 8.16 acres), zoned for industrial use within Granville Township. The land is shovel-ready, boasting existing infrastructure and the potential for rail service, making it ideal for immediate development. Benefitting from Keystone Opportunity Zone (KOZ) designation, this property offers significant tax advantages until December 31, 2030. This presents a compelling opportunity for businesses seeking a tax-advantaged location with readily available infrastructure. The asking price is $1,800,000. The Mifflin County Industrial Development Corporation owns the property and is selling directly. In cases where portions of the land are deemed undevelopable due to topographical features or wetlands, a price adjustment may be considered. The property is intended to attract high-quality investments that will generate jobs and positively impact the Mifflin County community. This prime location offers excellent access to transportation networks and a skilled workforce, making it an attractive proposition for manufacturing businesses seeking expansion or relocation.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Total area 105,772 SF
Lot 8.98 ac (391,169 SF)
APN 17 ,12-0119C-,000
UPID US73-5233528
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
AI Approach AI
$960k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$1.27M
Owner & transaction history
MERIDIAN RAIL ACQUISITION CORP LLC
MERIDIAN RAIL ACQUISITION CORP LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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