Slopping and wooded and needs to be improved.
Prime 55-Acre Development Site in Hazleton, PA – for 660 Apartment Units
An exceptional investment opportunity in Hazleton, PA! This 55-acre parcel of raw land for a 660-unit apartment complex, offering a rare chance to develop much-needed housing in a rapidly growing area.
Key Highlights:
- Development – Ownership is working through plans for 660 apartment units.
-No Excess Fees – No open space fees, recreation fees, or off-site contribution fees.
-Efficient Site Work Costs – Approx. $16,000 per door.
-Strategic Location – Situated within a 10-mile radius of 30 million+ square feet of warehouse space (built or under construction), creating a strong demand for housing.
-Limited Competition – The area has seen no recent apartment developments, presenting a unique opportunity to fill a major housing gap.
- Excellent Road Frontage – The property boasts 2,000 feet of frontage, ensuring visibility and accessibility.
-Partial LERTA – Ownership has secured a partial tax abatement, enhancing the financial feasibility of the project.
-Natural Topography – The sloping terrain provides an ideal setting for a well-planned residential community.
With major logistics, distribution, and industrial developments driving employment in the region, this site is perfectly positioned to meet the rising demand for quality housing. Don’t miss this rare opportunity to capitalize on a high-growth market!