Hill St & Delaware Street, Jessup, PA 18434 (MLS# SC-250085)
Hill St & Delaware Street, Jessup, PA 18434
New Listing
$2,900,000
Property Type:
Land
Lot Size (sq. ft.):
522,720
Status:
Active
Current Price:
$2,900,000
List Date:
1/07/2025
Last Modified:
1/07/2025
Description
This remarkable 12-acre parcel of vacant commercial land is fully approved and ready to break ground for a 146-unit Senior Housing Apartment project. Strategically located in Jessup, PA, this project has been meticulously planned to meet the growing demand for senior living.
The development includes two thoughtfully designed three-story buildings. Building One features 71 units, consisting of 56 one-bedroom and 15 two-bedroom apartments. Building Two offers 75 units, with 30 one-bedroom and 45 two-bedroom apartments. The project is shovel-ready, with approvals in place, including a completed land development plan, NPDES permit, and building drawings ready for code review.
Adding to its appeal, this property offers significant financial incentives, including a 10-year LERTA providing substantial tax savings and PA Opportunity Zone eligibility for long-term investment benefits.
This is an unparalleled opportunity for a developer to bring a fully approved, ready-to-go senior housing community to life in a prime location. Act now to turn this vision into reality and create a lasting impact in a growing market.
More Information MLS# SC-250085
Contract Information
Current Price: $2,900,000
List Price: $2,900,000
Status: Active
Listing Contract Date: 2025-01-07
Property Sub Type: Unimproved Land
Listing Agreement: Exclusive Right To Sell
Owner Name: Jessup Crossings LLC
Location Tax and Legal
Street Name: Hill St & Delaware
Street Suffix: Street
State: PA
Postal Code: 18434
County: Lackawanna
General Property Information
Lot Size Acres: 12
Lot Size Dimensions: 12.00
Waterfront YN: No
Auction YN: No
List Price/Acre: 241666.67
Remarks and Miscellaneous
Public Remarks: This remarkable 12-acre parcel of vacant commercial land is fully approved and ready to break ground for a 146-unit Senior Housing Apartment project. Strategically located in Jessup, PA, this project has been meticulously planned to meet the growing demand for senior living.
The development includes two thoughtfully designed three-story buildings. Building One features 71 units, consisting of 56 one-bedroom and 15 two-bedroom apartments. Building Two offers 75 units, with 30 one-bedroom and 45 two-bedroom apartments. The project is shovel-ready, with approvals in place, including a completed land development plan, NPDES permit, and building drawings ready for code review.
Adding to its appeal, this property offers significant financial incentives, including a 10-year LERTA providing substantial tax savings and PA Opportunity Zone eligibility for long-term investment benefits.
This is an unparalleled opportunity for a developer to bring a fully approved, ready-to-go senior housing community to life in a prime location. Act now to turn this vision into reality and create a lasting impact in a growing market.
Status Change Information
Major Change Timestamp: 2025-01-07T22:29:17Z
Major Change Type: New Listing
Status Change Timestamp: 2025-01-07
Property Features
Current Financing: None
Current Use: Commercial; Vacant; See Remarks
Development Status: Site Plan Approved; See Remarks
Vegetation: Cleared
Builder: Any Builder
Showing Requirements: Showing Service
Listing Office: ERA One Source Realty
Last Updated: January - 07 - 2025
Information deemed reliable but not guaranteed.