383 Church Street Ext - Specialty FOR SALE


Corsica, PA 15829
$700,000 USD
814-938-3031
383 Church Street Ext, Corsica, PA for Sale
$700,000 USD
Specialty - FOR SALE
1/12
null | Request Cap Rate

383 Church Street Ext
Corsica, PA 15829


HIGHLIGHTS

  • Established RV Park with a steady residency
  • Income from day one
  • Room to add more

OVERVIEW

Addressed as 347-495 Church St, Corsica PA. This property is located between Clarion and Brookville, PA, just off RT 322 and I-80. The site encompasses approximately forty-two acres on the East, West, and North side of Church St Extension and includes all of Timberview Alley. It is currently operated as a small, profitable manufactured home community that has been designed and approved for a total of three phases of future development. Existing Infrastructure: A Municipal sewer and water lines serve 100% of the existing facility and are currently located along the right of way on Church Street and in the middle of the street along Timberview Alley. Six taps from Phase 1 are immediately available. Four {4} on Timberview Alley and two {2} along Church Street, one on the northern end and one between 347 Church and 365 Church that will serve as the community tap for Phase 2 {west side development area. A manhole cover at the end of Timberview alley reveals a cement cast box with a prepared knockout, allowing for further development towards the east. Development Plan Phase 1 Four open sites on Timberview Alley. One open site, 403 Church Street Ext. Phase 2a Planned Development & twenty-four open sites on Plateau, which is the initial portion of the Western Development. Phase 3 Planned Development and twenty-two open sites. Twenty-two spots on the East side. Phase 4 Balance of 135 sites and completion of Phase 2 development. This Development could appeal to those seeking an RV Park and or a Mobile Home Park. RV Park - Estimated to accommodate eight recreational vehicles per acre. Mobile Home Park - Designed to fit six modular homes per acre. If developed as an RV Park, the new owner would need to install: A dumping station for waste A communal area with showers and bathrooms Regulatory Considerations Phase 2 & 3 of development is subject to Federal Storm water regulations. A retention pond for runoff is already in place but may require expansion. The DEP typically requires an annual EPA-Certified Inspector to conduct an inspection. This property presents a significant opportunity for a RV Park or Mobile Home Development, with much of the basic infrastructure already in place to support future growth. Infrastructure & Expansion Potential Utilities & Services: The site has access to electricity, public sewers, and water. Phase 2 & Phase 3 development. Infrastructure is not yet in place. Expansion metering boxes for water and sewer were installed during Phase 1. Sewer taps have been prepaid for 4-5 lots, allowing for immediate expansion. Phase 2 rough grading is complete, through utilities still need to be installed. Junction boxes are in place. Storm water Management Fully installed for Phase 1 Expansion will require enlarging the lower storm water pond. Additional Land & Lot Details The property included land with the cul-de-sac, with space available for one additional trailer. The last home in the area is 401, on the west side of Church St. Ext. Lot 403 has existing water and electric connections. Along Timberview Alley, there is space to build 2-3 family stretch homes, row housing, or units suitable for rentals. With essential groundwork completed and key utilities prepared for expansion, this property presents a strong opportunity for growth. Option 1} Timberview Alley and expansion area east $150,000 Includes all the land and homes at #29 Timberview and #66. #26 home are owned by other, but the land is owned by Timberview. Eastern expansion area. Option 2} 370 Timberview and the garage/land behind the home $125,000 Option 3} Land and homes at 365, 383, 399, 401 and land under 375 and empty lot at 403. The west side of Church St Ext to end of the cul-de-sac $250,000 Option 4} Home at 347 and land behind and entire west expansion area to the west. $225,000 Option 5} The Entire Site including all the above. $700,000 Investment Highlights Prime location. Located along Route 322 near Corsica with easy access to Interstate I-80 Established RV Park Investment Opportunity-Residents in Place! Own a profitable RV park with a stable residency base already established. This is a fantastic opportunity to acquire a proven income stream with minimal vacancy risk. Immediate Cash Flow Stable Occupancy Low Maintenance Growth Potential This turn-key RV park is perfect for investors seeking a hassle-free investment with a steady return.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Shelter

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

42 AC

LAND SF

1,829,520 SF

ZONING

Commercial

APN/PARCEL ID

08-001-0400-BB1

ASK ABOUT THIS PROPERTY

Donald PowellThe Preferred RealtyMore Info
814-938-3031

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Donald PowellThe Preferred RealtyMore Info
814-938-3031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.