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22228 US-119 Rt
Punxsutawney, PA 15767
Route 119 Commercial Use · Land For Sale
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32.16 AC
Investment Highlights
- Heavy Traffic from Punxsutawney, Pittsburgh, Indiana PA
- Electric & Gas already installed, and Septic approval
- KOZ Approved
Executive Summary
Walmart is adjacent. Minutes from downtown Punxsutawney, PA
Property Facts Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 32.16 AC |
| Property Type | Land | ||
| Zoning | Commercial - KOZ program has been approved | ||
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 32.16 AC |
| Zoning | Commercial - KOZ program has been approved |
1 Lot Available
Lot
| Price | $1,557,861 CAD | Lot Size | 32.16 AC |
| Price Per AC | $48,440.95 CAD |
| Price | $1,557,861 CAD |
| Price Per AC | $48,440.95 CAD |
| Lot Size | 32.16 AC |
32.16 acres of commercially zoned land along Route 119 with approx 3000 vehicles per day. KOZ- 10year tax abatement on improvements.
Description
This Parcel spans 32.16 Acres, providing a significant amount of land for various purposes. Property HAS Septic Approval. Gas Line running through Property with Tap Already Installed. Land is partially in Young Township, and partially in Punxsutawney Borough. Penelec 3-Phase Power is accessible on both the East and West Edges of the Property. Property HAS been approved under the Keystone Opportunity Zone (KOZ) Program, which provides NO Real Estate Taxes on Improvements for 10 years after any Construction. HOP Approved Entrance for a Maximum of 3,000 Vehicles Daily. Financial Benefits: Significant Tax Savings: The KOZ designation provides substantial tax breaks, reducing operating costs and increasing profitability. Reduced Infrastructure Costs: Existing power infrastructure eliminates significant upfront costs associated with new power installations. Attractive Return on Investment: The combination of prime location, utility access, and tax benefits positions this land with a strong return on investment.
