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.
MLS #:
SC250085
Taxes
$7,022(2024)
Lot Size
12 acres
Type
Land
School District
Valley View
County
Lackawanna County
Listed By
Shaina Belles, ERA One Source Realty
Source SCRANTON Last checked Jan 12 2025 at 3:01 AM GMT+0000
Disclaimer: Copyright 2025 Greater Scranton Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 1/11/25 19:01
Description