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Atlantic Avenue 16.96 Acres of Residential Land in Reedsville, PA 17084
Investment Highlights
- Fully approved, shovel-ready +/- 80 Units (40 Duplexes)
- ~$1.5M in site improvements completed
- Stormwater infrastructure in place
- NPDES Permit issued 2023, valid through 2028
- Utilities to site, including electric, water, and sewer
- Expansion of proven 57-unit community
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Single Family Development |
| Property Type | Land | Total Lot Size | 16.96 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 16.96 AC |
1 Lot Available
Lot
| Lot Size | 16.96 AC |
| Lot Size | 16.96 AC |
Description
Shalamar Gardens - Phase two is a fully approved, shovel-ready residential development opportunity for +/- 80 units (40 duplexes). The site benefits from significant upfront improvements, including installed stormwater infrastructure and utilities brought directly to the development, representing approximately $1.5 million in completed work. The NPDES permit, issued in 2023 and valid through 2028, further reduces entitlement risk and accelerates timing to construction. As an extension of the established 57-unit Phase one community, the project offers a proven product in a market supported by strong demand drivers, including proximity to State College and Penn State University. Phase two provides a streamlined path to deliver new housing in a supply-constrained market with demonstrated performance.
Property Taxes
| Parcel Number | 12-05-0103-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $149,285 CAD | Total Assessment | $149,285 CAD |
Property Taxes
Presented by
Atlantic Avenue
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