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Description

138-acre Portfolio of 5 properties including a 10,000 square foot commercial building with Federal and State County tenants: PA Conservation, Penn State University, USDA Federal Agriculture Center, Nature Resource Center. Investment Grade Tenants with five years left on lease. Lease Net Operating Revenue is approximately $110,000 with building appraised at $1,250,000. Cap Rate 8.8% $125/SFT price for building $2,500,000 for the entire portfolio totaling 138+/- acres. Property portfolio is adjacent to a 75,000 square foot Luther Ridge Assisted Living Facility and the new 40 bed Nursing Home that was just constructed and began operating in July 2020, and a 22,000 square foot medical facility owned by Lehigh Hospital OB/GYN facility. Due to the county's statistically growing population and aging population, there is a shortage of/need for retirement housing and apartments. Strategic development opportunity for professional real estate investor. In addition to the 10,000 SFT building on 2.66 acres, portfolio includes: 1. 80-Acre Site Prime for Development of Retirement Village. Site is adjacent to operational skilled nursing home and assisted living facilities. The front 2 acres are zoned commercial along the highway and the balance of 78 acres is zoned residential. Water, sewer, and gas line connections are 50 ft away to connect. $395,000 2. 4.6-Acre Commercial/Medical Zoned Sites Prime for Development. This site has three 1.5-acre lots zoned commercial/medical with recorded and approved subdivision plans. These three lots are improved with public water, public sewer, natural gas, storm water plan and sed basin for storm water. Lots are ready for development, requiring only building application and tenants. $597,000 for 3 lots purchased together or 2(a), 2(b), and 2(c) - $224,900 each 3. Phase 3 (25 acres) now available for residential development of 31 flat lots for single family plus potential 14 duplexes, next to 64 existing home development. The 64 existing homes are in Phase 1 and Phase 2, adjacent to Phase 3. Estimated lot development based on preliminary plan. Public water, public sewer, natural gas available. $325,000 4. 23-acre site primed for development of 200+ apartment complex and townhomes. Public water, public sewer, natural gas available. Zoned for apartments. Land requires final engineering. Apartment complex could be a feeder to the existing assistant living facility. Please verify all information with county and state. All documents and plans available upon request.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bowers Realty Group | Coldwell Banker. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-17T23:55:08.407.
www.bowersgroup.net/homes/112697119
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1102 Ag Center Drive - Portfolio POTTSVILLE, PA 17901

  • Price: $2,500,000
  • Status: Active
  • Updated: 179 min ago
  • ID#: PASK133724
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Beds
0
Baths
0
½ Baths
138
Acres
1995
Built
Neighborhood:
Seiders Hill
County:
Schuylkill
Area:
North Manheim Twp (13318)
School District:
Pottsville Area
Property Description
138-acre Portfolio of 5 properties including a 10,000 square foot commercial building with Federal and State County tenants: PA Conservation, Penn State University, USDA Federal Agriculture Center, Nature Resource Center. Investment Grade Tenants with five years left on lease. Lease Net Operating Revenue is approximately $110,000 with building appraised at $1,250,000. Cap Rate 8.8% $125/SFT price for building $2,500,000 for the entire portfolio totaling 138+/- acres. Property portfolio is adjacent to a 75,000 square foot Luther Ridge Assisted Living Facility and the new 40 bed Nursing Home that was just constructed and began operating in July 2020, and a 22,000 square foot medical facility owned by Lehigh Hospital OB/GYN facility. Due to the county's statistically growing population and aging population, there is a shortage of/need for retirement housing and apartments. Strategic development opportunity for professional real estate investor. In addition to the 10,000 SFT building on 2.66 acres, portfolio includes: 1. 80-Acre Site Prime for Development of Retirement Village. Site is adjacent to operational skilled nursing home and assisted living facilities. The front 2 acres are zoned commercial along the highway and the balance of 78 acres is zoned residential. Water, sewer, and gas line connections are 50 ft away to connect. $395,000 2. 4.6-Acre Commercial/Medical Zoned Sites Prime for Development. This site has three 1.5-acre lots zoned commercial/medical with recorded and approved subdivision plans. These three lots are improved with public water, public sewer, natural gas, storm water plan and sed basin for storm water. Lots are ready for development, requiring only building application and tenants. $597,000 for 3 lots purchased together or 2(a), 2(b), and 2(c) - $224,900 each 3. Phase 3 (25 acres) now available for residential development of 31 flat lots for single family plus potential 14 duplexes, next to 64 existing home development. The 64 existing homes are in Phase 1 and Phase 2, adjacent to Phase 3. Estimated lot development based on preliminary plan. Public water, public sewer, natural gas available. $325,000 4. 23-acre site primed for development of 200+ apartment complex and townhomes. Public water, public sewer, natural gas available. Zoned for apartments. Land requires final engineering. Apartment complex could be a feeder to the existing assistant living facility. Please verify all information with county and state. All documents and plans available upon request.
Exterior Features

Construction Materials Other Garage YN No Lot Features Road FrontagePremiumLevelAdditional Lot(S) Parking Types DrivewayParking Lot Riparian Rights YN No View PanoramicScenic Vista Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 10000.00 Cooling Heat Pump(S) Heating Forced Air Heating YN Yes Inclusions All Existing PlansEngineering And Approvals Net Square Feet 7318080.00

Property Features

Acceptable Financing CashConventionalNegotiable Accessibility Features Accessible Switches/OutletsLevel Entry - Main Association YN No Business Type Apartment BuildingFlexPad SiteMobile Home ParkProfessionalParking LotParking GarageOther Central Air YN No Cooling Fuel Electric Cross Street Route 901 (Gordon Nagle Trail) And Red Horse Rd Entry Level 1 Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality North Manheim Twp Navigable Water YN N New Construction YN No Original MLSNumber 304424101580 Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 16288.00 Tax Assessment Amount 67000.00 Vacation Rental YN No Water Source Public Zoning Commercial And Residentia

Listing courtesy of Keller Williams Real Estate -Exton.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bowers Realty Group | Coldwell Banker. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-17T23:55:08.407.
 
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33012 Coastal Highway
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