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Informations principales sur l'investissement

  • Fully approved, shovel-ready +/- 80 Units (40 Duplexes).
  • ~$1.5M in site improvements completed.
  • Stormwater infrastructure in place.
  • NPDES Permit issued 2023, valid through 2028.
  • Utilities to site, including electric, water, and sewer.
  • Expansion of proven 57-unit community.

Résumé analytique

Shalamar Gardens is a unique residential development opportunity in Milroy, PA, located just a short drive from Penn State’s main campus. Phase One (1) of the community includes 57 completed units, including 16 rental units and 11 units completed and currently listed for sale – providing immediate income potential. Phase Two (2) is fully approved for an additional 40 duplexes (80 units), with core infrastructure, including the infiltration basin, already in place. This shovel-ready project offers residential developers a clear path to scale in a growing Central Pennsylvania submarket.

Informations sur l’immeuble

Type de vente Investissement
Nb de lots 1
Type de bien Terrain
Sous-type de bien Résidentiel
Usage proposé Développement de lot unifamilial
Surface totale du lot 6,86 ha
Zonage RS - Residential

1 Lot disponible

Lot

Surface du lot 6,86 ha

Shalamar Gardens offers a shovel-ready residential development opportunity in Milroy, PA. Phase I includes completed units and income potential, while approved Phase II allows for 80 additional units.

Description

Shalamar Gardens - Phase two is a fully approved, shovel-ready residential development opportunity for +/- 80 units (40 duplexes). The site benefits from significant upfront improvements, including installed stormwater infrastructure and utilities brought directly to the development, representing approximately $1.5 million in completed work. The NPDES permit, issued in 2023 and valid through 2028, further reduces entitlement risk and accelerates timing to construction. As an extension of the established 57-unit Phase one community, the project offers a proven product in a market supported by strong demand drivers, including proximity to State College and Penn State University. Phase two provides a streamlined path to deliver new housing in a supply-constrained market with demonstrated performance.

Plutôt praticable à pied
20/100
Exceptionnellement adapté aux voitures
100/100
Assez praticable en vélo
30/100

Taxes foncières

Taxes foncières

Numéro de parcelle
12-05-0103-000
Évaluation du terrain
95 026 €
Évaluation des aménagements
0 €
Évaluation totale
95 026 €
  • ID de l’annonce: 40164373

  • Date de mise sur le marché: 15/04/2026

  • Dernière mise à jour:

  • Adresse: Atlantic Avenue, Reedsville, PA 17084

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