ONE OF THE LARGEST ESTATES IN PENNSYLVANIA | 200 GIACALONE DR, CANADENSIS, PA 18325 Investment Highlights 29+ acre estate which consists of a beautiful stone 11,000 square foot main residence, two 2-bedroom houses, small cabins, two commercial buildings, and a 3-bay free-standing garage. Commercial buildings are situated along Route 390 while the main residence is secluded in [...]
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.
HIGHLIGHTS:
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
PA, the “Town of Motels,” is located directly off of I-70 and I-76, two major interstates. Because of its ideal location as an exit off the PA Turnpike, approximately 4 million vehicles per year stop in Breezewood, usually en route to their final destination. Breezewood provides easy access from several major US cities. This operating Howard Johnson offers 118 fully furnished rooms, substantial RevPar growth potential, and many amenities. It was built in 1986,118 rooms / 2 floors. 1.97 acres/85,944 total site square footage, interior corridors, Amenities, Indoor pool & spa, Lounge and restaurant on premises.
