Vacant Land-9.40+/- Acres (LOT 02), Casey Avenue
Property Description
An exceptional opportunity to acquire approximately 18.89 acres of vacant, wooded land in Old Forge Borough, offering both commercial and residential development potential. The property is currently proposed as two parcels: Lot 1 – 9.49 Acres C-2 (Highway Commercial Zoning) and Lot 2 – 9.40 Acres R-1A (Residential Moderate Density Zoning). Total Property – 18.89 Acres. With nearly half of the property designated for commercial use and the balance zoned residential, the site presents a unique opportunity for a mixed-use development concept, subject to applicable Old Forge Borough zoning requirements, approvals, and permitting. The property includes a proposed, unapproved 25-lot single-family residential development plan prepared in 2010, which could provide a starting point for a developer evaluating the site's residential potential. The plan would require updating and current municipal review. The property is being offered as a development opportunity, with all proposed uses, subdivision concepts, access, utilities, zoning, wetlands, floodplain information, and development plans subject to verification, current municipal requirements, and all applicable governmental approvals. LISTED SALE PRICE IS FOR LOT 02.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $595,000 |
| Lot Size: | 9.40 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
8340-8350 Oliver Road
Erie, PennsylvaniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout