The final auction bid date for the Pennterra Land Development in Carlisle,PA has been cancelled.
Announcement was made by Braun Worldbid and Greg Rothman the Broker, on behalf of the owner KMWW.
National response to the auction sale was strong, though due to the complicated nature of the development of this large project, it has required more time than average in underwriting and analysis.
Several potential buyers are proceeding to deal directly with the owners.
Going forward, all interested parties are now directed to the owners.
For further questions, please contact:
Igal Feibush, 310-770-3007, Igal@stonecanyoncapitalpartners.com
The 503 acre Pennterra development site is a master planned land community fully entitled with all required permits to immediately begin construction of over 1,000 homes + commercial OR, with zoning approval, potential for millions of square-feet of light industrial.
With over $3M soft costs invested, the Property has gone through an extensive planning process to create the optimal product mix and amenity program to maximize absorption and project returns. In addition, the Conditional Use Master Subdivision Approval provides for 10-year vesting of the development rights.
The site, 20 minutes from downtown Harrisburg, Pennsylvania, near the historic town of Carlisle and minutes from the I-81 corridor near the 76 Turnpike, Harrisburg MSA is considered to be a strong, secondary market, ranked 67th nationally.
- 503 Acres, right off Interstate 81
- Shovel Ready
- Fully entitled master planned community. -1000+ homes with 250K Sq Ft of commercial
- Light industrial development opportunity
- $3.5M soft costs invested in this property