610-657-9515
3948 Portland St, Coplay, PA for Sale
Office - FOR SALE
1/11
null | Request Cap Rate

3948 Portland St
Coplay, PA 18037


HIGHLIGHTS

  • Fully approved 39-unit multifamily development opportunity.
  • Final approvals are in place for immediate project execution.
  • Shovel-ready site with approved NPDES permit and environmental clearance.
  • Builder is in place and development planning is substantially complete
  • Utility relocation commitment eliminates significant anticipated costs.
  • Located within the growing Lehigh Valley development corridor.

OVERVIEW

3948 Portland St, Coplay PA 18037 • FULLY APPROVED 39-UNIT MULTIFAMILY DEVELOPMENT IN NORTH WHITEHALL TOWNSHIP - FINAL APPROVALS ARE IN PLACE • MYLAR IS READY TO BE RECORDED - NDES PERMIT IS APPROVED. ACT 2 ENVIRONMENTAL CLEARANCE IS COMPLETE • DEMOLITION PERMIT CAN BE PULLED IMMEDIATELY. SHOVEL READY PROJECT • CURRENT MUNICIPAL INSPECTION ESCROW OF APPROXIMATELY $20,000 IS ALREADY ESTABLISHED FOR CONSTRUCTION • PP&L HAS AGREED TO RELOCATE THE POWER LINES AT NO COST TO THE PROJECT, ELIMINATING APPROXIMATELY $80,000 IN ANTICIPATED COSTS • CURRENT CONSTRUCTION BUDGET INCLUDES APPROXIMATELY $500,000 IN CONTINGENGY • ADDITIONAL VALUE ENGINEERING AND REBIDDING OPPORTUNITIES STILL EXIST WITHIN THE CONSTRUCTION BUDGET • LOCATED WITHIN THE LEHIGH VALLEY GROWTH CORRIDOR WITH CONVENIENT ACCESS TO ROUTE 22, ROUTE 309, AND I-78 • POSITIONED TO BENEFIT FROM THE NEW ELI LILLY MANUFACTURING CAMPUS IN UPPER MACUNGIE TOWNSHIP, A $3.5 BILLION INVESTMENT EXPECTED TO BRING APPROXIMATELY 850 PERMANENT JOBS AND THOUSANDS OF CONSTRUCTION JOBS TO THE REGION.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FULLY APPROVED 39-UNIT MULTIFAMILY

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

ME-I

APN/PARCEL ID

547984619922-1

ASK ABOUT THIS PROPERTY

Joseph ParaneeParanee Property ManagementMore Info
610-657-9515

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Joseph ParaneeParanee Property ManagementMore Info
610-657-9515

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