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Marietta Ave - Approved Land for 80 Apartments & 80 Storage 8.35 Acres of Residential Land Offered at $4,000,000 in Columbia, PA 17512
INVESTMENT HIGHLIGHTS
- Fully approved apartment project for 80 units & 80 Storage units
- Sold with all plans and approvals
- Parcel backs to preserved farmland for great views
- Site is 8.35 acres with Traditional Village Zoning
- Excellent location in high demand market
- Zoning also permits townhomes at 8 per acre
EXECUTIVE SUMMARY
Fully approved apartment project in West Hempfield Township, Lancaster County. Excellent location in the town of Silver Spring, just off Marietta Pike. The property is 3 parcels, which are sold with approvals for an 80 unit apartment complex plus 80 self storage units.
The property is zoned Traditional Village and is planned for (60) 2 bed/2 bath units and (20) 1 bed/1 bath units, and 80 storage units that are 10’x20’.
This region in Lancaster, Hempfield School District, has seen very limited new housing stock, which will result in strong demand for the rental units. The location is easily accessible to Route 30 and 283, with a very strong employment base within the surrounding 5 mile radius. The local town of Silver Spring and Centerville provides all basic amenities for the tenants. Just 7 miles from Lancaster City, this location provides easy access to all the thriving lifestyle amenities of Lancaster City and surrounding region.
The property is zoned Traditional Village and is planned for (60) 2 bed/2 bath units and (20) 1 bed/1 bath units, and 80 storage units that are 10’x20’.
This region in Lancaster, Hempfield School District, has seen very limited new housing stock, which will result in strong demand for the rental units. The location is easily accessible to Route 30 and 283, with a very strong employment base within the surrounding 5 mile radius. The local town of Silver Spring and Centerville provides all basic amenities for the tenants. Just 7 miles from Lancaster City, this location provides easy access to all the thriving lifestyle amenities of Lancaster City and surrounding region.
PROPERTY FACTS
| Price | $4,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 8.35 AC |
| Zoning | Traditional Village | ||
| Price | $4,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 8.35 AC |
| Zoning | Traditional Village |
1 LOT AVAILABLE
Lot
| Price | $4,000,000 | Lot Size | 8.35 AC |
| Price Per AC | $479,041.92 |
| Price | $4,000,000 |
| Price Per AC | $479,041.92 |
| Lot Size | 8.35 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,000 | |
| Land Assessment | $242,100 | Total Assessment | $247,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$242,100
Improvements Assessment
$5,000
Total Assessment
$247,100
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Marietta Ave - Approved Land for 80 Apartments & 80 Storage
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