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21 Wilhelm Ave - Residential Development Opportunity 35 Acres of Commercial Land Offered at $2,600,000 in Lebanon, PA 17042

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INVESTMENT HIGHLIGHTS

  • Residential Development Opportunity
  • Favorable demographics, and convenient to schools & health care
  • 35.1 +/- Acres (consisting of 2 parcels)

EXECUTIVE SUMMARY

TRUE Commercial is pleased to offer this residential development opportunity located in South Lebanon Township and Cornwall-Lebanon School District. At 35.1 acres, the site offers the builder/developer to expand existing residential development in this highly desirable market area of Lebanon County. Favorable demographics, reputable schools, parks and convenient access to health care and nearby amenities foster new housing construction and growth.
Property is directly adjacent to Strathford Meadows, where construction continues in a growing residential development featuring newly-constructed and attractive 1 and 2-story homes with both front and side-load garages, and sidewalks. Property also borders a section of the Lebanon Valley Rails to Trails.
The area is served by gas, electric and public water and sewer.
Conceptual site plan included in Offering Memorandum for discussion purposes only. It is based on a conceptual lot yield analysis obtained by the Seller for up to 46 home sites and, in part, portrays access connections to, and a continuation of lot sizes and similar home footprints to those found in the adjacent Strathford Meadows residential development.

PROPERTY FACTS

Price $2,600,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Master Planned Community
  • Planned Unit Development
  • Single Family Development
  • Single Family Residence
Total Lot Size 35.00 AC
Zoning R-1

1 LOT AVAILABLE

Lot

Price $2,600,000
Price Per AC $74,285.71
Lot Size 35.00 AC
  • Listing ID: 23848834

  • Date on Market: 8/5/2021

  • Last Updated:

  • Address: 21 Wilhelm Ave, Lebanon, PA 17042

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