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981 Old Brick Rd - Risk Horizons, LP 17.83 Acres of Commercial Land Offered at $4,750,000 in West Alexander, PA 15376
INVESTMENT HIGHLIGHTS
- This ideal location off of I-70 West has a 0-turn entrance from the interstate with the entrance gate at end of ramp.
- There is an incredible amount of daily traffic on I-70 and this has high impact visibility from the interstate.
- Subject to Energy Community Tax Credit Bonus. See PDF attached.
- Rough grading has been completed and a grading permit is approved for the entire combined site.
- Great placement between Pittsburgh and Columbus for the right business.
- 2022 DVMT of 3,510,405 DVMT (Daily Vehicle Miles of Travel)
EXECUTIVE SUMMARY
Located directly off of Exit 1 on Interstate 70 WEST ramp this approximately 12+ acres site has incredible access and visibility. Ten minute drive to The Highlands mega shopping complex; including Target, Walmart Best Buy, restaurants shops and university. The 12+ acres are what is recoverable after grading. All the utilities are on or near the site. The property generates some income already, the $90,000 yearly income is only for 3.3 acres of the site and demonstrates the commercial investment potential. This 17.8 gross acres parcel of land is located just off of, and adjacent to, I-70 in Donegal Township. There is no zoning in this municipality and little utility work is needed, if at all. Stormwater has been installed for all existing grades with all utilities located on, or near the site. A little greater than 3 acres have been finished to allow for heavy trucking. The remaining 9 acres of usable land is ready to be finished for the next user. Great opportunity for visibility on I-70 via the strip of land between one of the busiest highways in the area and the planned site. I-70 logged 3,510,405 DVMT (Daily Vehicle Miles of Travel); base on 2022 PennDot report.
Property is located in an ENERGY COMMUNITY and may qualify for an Energy Community Tax Credit Bonus. Download attached PDF document and visit DOE Website.
Property is located on Exit 1 of Interstate 70.
Property is located in an ENERGY COMMUNITY and may qualify for an Energy Community Tax Credit Bonus. Download attached PDF document and visit DOE Website.
Property is located on Exit 1 of Interstate 70.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,600
|
$5,586.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,600
|
$5,586.09
|
| Taxes |
$1,417
|
$79.47
|
| Operating Expenses |
$2,205
|
$123.67
|
| Total Expenses |
$3,622
|
$203.14
|
| Net Operating Income |
$95,978
|
$5,382.95
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $99,600 |
| Annual Per AC | $5,586.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,600 |
| Annual Per AC | $5,586.09 |
| Taxes | |
|---|---|
| Annual | $1,417 |
| Annual Per AC | $79.47 |
| Operating Expenses | |
|---|---|
| Annual | $2,205 |
| Annual Per AC | $123.67 |
| Total Expenses | |
|---|---|
| Annual | $3,622 |
| Annual Per AC | $203.14 |
| Net Operating Income | |
|---|---|
| Annual | $95,978 |
| Annual Per AC | $5,382.95 |
PROPERTY FACTS
| Price | $4,750,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 17.83 AC |
| Zoning | NZ - No zoning in Donegal Twp | ||
| Price | $4,750,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 17.83 AC |
| Zoning | NZ - No zoning in Donegal Twp |
1 LOT AVAILABLE
Lot 4
| Price | $4,750,000 | Lot Size | 17.83 AC |
| Price Per AC | $266,404.88 |
| Price | $4,750,000 |
| Price Per AC | $266,404.88 |
| Lot Size | 17.83 AC |
Lot 4 consists of a total of 17.83 AC; the grading plan provides for a total to 12+ usable acres. Additionally, a flat "bonus" area consists of I-70 ROW setback with excellent visibility from interstate 70.
DESCRIPTION
This 17.8 acres parcel of land is located just off of, and adjacent to, I-70 in Donegal Township. There is no zoning in this municipality and little utility work is needed, if at all. Stormwater has been installed for all existing grades with all utilities located on, or near the site.
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Risk Horizons, LP
981 Old Brick Rd - Risk Horizons, LP
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