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FULLY APPROVED 39-UNIT MULTIFAMILY 3948 Portland St 9,873 SF Office Building Coplay, PA 18037 For Sale
Investment Highlights
- Fully approved 39-unit multifamily development opportunity.
- Shovel-ready site with approved NPDES permit and environmental clearance.
- Utility relocation commitment eliminates significant anticipated costs.
- Final approvals are in place for immediate project execution.
- Builder is in place and development planning is substantially complete
- Located within the growing Lehigh Valley development corridor.
Executive Summary
3948 Portland St, Coplay PA 18037
• FULLY APPROVED 39-UNIT MULTIFAMILY DEVELOPMENT IN NORTH WHITEHALL TOWNSHIP - FINAL APPROVALS ARE IN PLACE
• MYLAR IS READY TO BE RECORDED - NDES PERMIT IS APPROVED. ACT 2 ENVIRONMENTAL CLEARANCE IS COMPLETE
• DEMOLITION PERMIT CAN BE PULLED IMMEDIATELY. SHOVEL READY PROJECT
• CURRENT MUNICIPAL INSPECTION ESCROW OF APPROXIMATELY $20,000 IS ALREADY ESTABLISHED FOR CONSTRUCTION
• PP&L HAS AGREED TO RELOCATE THE POWER LINES AT NO COST TO THE PROJECT, ELIMINATING APPROXIMATELY $80,000 IN ANTICIPATED COSTS
• CURRENT CONSTRUCTION BUDGET INCLUDES APPROXIMATELY $500,000 IN CONTINGENGY
• ADDITIONAL VALUE ENGINEERING AND REBIDDING OPPORTUNITIES STILL EXIST WITHIN THE CONSTRUCTION BUDGET
• LOCATED WITHIN THE LEHIGH VALLEY GROWTH CORRIDOR WITH CONVENIENT ACCESS TO ROUTE 22, ROUTE 309, AND I-78
• POSITIONED TO BENEFIT FROM THE NEW ELI LILLY MANUFACTURING CAMPUS IN UPPER MACUNGIE TOWNSHIP, A $3.5 BILLION INVESTMENT EXPECTED TO BRING APPROXIMATELY 850 PERMANENT JOBS AND THOUSANDS OF CONSTRUCTION JOBS TO THE REGION.
• FULLY APPROVED 39-UNIT MULTIFAMILY DEVELOPMENT IN NORTH WHITEHALL TOWNSHIP - FINAL APPROVALS ARE IN PLACE
• MYLAR IS READY TO BE RECORDED - NDES PERMIT IS APPROVED. ACT 2 ENVIRONMENTAL CLEARANCE IS COMPLETE
• DEMOLITION PERMIT CAN BE PULLED IMMEDIATELY. SHOVEL READY PROJECT
• CURRENT MUNICIPAL INSPECTION ESCROW OF APPROXIMATELY $20,000 IS ALREADY ESTABLISHED FOR CONSTRUCTION
• PP&L HAS AGREED TO RELOCATE THE POWER LINES AT NO COST TO THE PROJECT, ELIMINATING APPROXIMATELY $80,000 IN ANTICIPATED COSTS
• CURRENT CONSTRUCTION BUDGET INCLUDES APPROXIMATELY $500,000 IN CONTINGENGY
• ADDITIONAL VALUE ENGINEERING AND REBIDDING OPPORTUNITIES STILL EXIST WITHIN THE CONSTRUCTION BUDGET
• LOCATED WITHIN THE LEHIGH VALLEY GROWTH CORRIDOR WITH CONVENIENT ACCESS TO ROUTE 22, ROUTE 309, AND I-78
• POSITIONED TO BENEFIT FROM THE NEW ELI LILLY MANUFACTURING CAMPUS IN UPPER MACUNGIE TOWNSHIP, A $3.5 BILLION INVESTMENT EXPECTED TO BRING APPROXIMATELY 850 PERMANENT JOBS AND THOUSANDS OF CONSTRUCTION JOBS TO THE REGION.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,873 SF
Building Class
C
Year Built
1900
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,937 SF
Building FAR
0.06
Lot Size
4.00 AC
Zoning
ME-I
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 547984619922-1 | Improvements Assessment | $190,500 |
| Land Assessment | $146,700 | Total Assessment | $337,200 |
Property Taxes
Parcel Number
547984619922-1
Land Assessment
$146,700
Improvements Assessment
$190,500
Total Assessment
$337,200
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FULLY APPROVED 39-UNIT MULTIFAMILY | 3948 Portland St