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$2,500,000
400 Days Online

1102 Ag Center Drive - Portfolio
Pottsville, PA 17901

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1995
Built
Subdivision:
Seiders Hill
County:
Schuylkill

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Call Now: 215-206-1980
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215-206-1980
1102 Ag Center Drive - Portfolio1102 Ag Center Drive - Portfolio1102 Ag Center Drive - Portfolio1102 Ag Center Drive - Portfolio
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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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Listing Snapshot
Price 
$2,500,000
Days Online 
400 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
138 Acres
Year Built 
1995
MLS Number 
PASK133724
Status 
Active
Property Tax 
$16,288
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
23 minutes agoListing updated with changes from the MLS
a year agoStatus changed to Active
a year agoPrice changed to $2,500,000
a year agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Construction Materials 
Other
Zoning 
COMMERCIAL AND RESIDENTIA
Interior Features
Heating 
Forced Air
Cooling 
Heat Pump(s)
Central Air 
No
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Exterior Features
View 
50041198600,50041198602
Lot Features 
Road FrontagePremiumLevelAdditional Lot(s)
Community Features
Accessibility Features 
Accessible Switches/OutletsLevel Entry - Main
Listing courtesy of Keller Williams Real Estate -Exton



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Neighborhood & Commute
Source: Walkscore
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