665 Fairmont Ave Mohnton, PA 19540

Property Details for 665 Fairmont Ave

Year built

1977

Lot size

21.00 lot acres

Property size

3,100 SF

Property type

Commercial real estate

Description

This exceptional 21+ acre property in Mohnton, Pennsylvania presents a unique redevelopment opportunity. The site boasts a stunning, move-in ready 3,100 square foot luxury home, completed in 2020, featuring high-end finishes. This single-family residence, situated on the expansive lot, offers immediate occupancy or serves as a centerpiece for a larger residential project. The property is zoned MR - Medium Residential, allowing for the creation of up to nine spacious lots, as indicated by existing development drawings. Located in the desirable Governor Mifflin School District, this location provides convenient access to Route 222, offering easy commutes to Reading and Lancaster. The property includes six parking spaces and benefits from public sewer availability, streamlining any future development plans. The existing home and ample land provide a compelling combination of immediate income potential and significant long-term development upside. With a total asking price of $1,975,000, this represents a land value of $95,000 per acre. This fee-simple ownership opportunity is ideal for developers seeking a prime location for a new residential community or discerning buyers looking for a luxurious home with substantial land. The property's combination of existing improvements and development potential makes it a truly unique offering in the Berks County market. Year built 1977, renovated 2020.

Location Insight

City

Mohnton

County

Berks

State

Pennsylvania

Longitude

-75.999006532256

Latitude

40.295792982303