Listed By:
Bering Real Estate Co.
Address
Airport Road And South Forge Road, Palmyra, PA
Price
$ 1,775,000
Property Attributes
  • MLS#PALN2010086
  • TypeLand
  • CountyLEBANON
  • CityPalmyra
  • AreaNorth Londonderry Twp
  • Zip17078
  • StyleMixed
  • Price$ 1,775,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size18.9 Acres
Data Source:
Bright MLS
Property Description

A Phase I environmental study has been completed and the results came back clean. 18.9 acre mixed use project available for sale in the Heart of the Hershey/Palmyra commercial corridor. This multi-parcel development is situated only 1 mile from the Derry Township line and is one of the few properties of its kind available in this highly sought after region near Hershey. Located partially in South Londonderry Township and North Londonderry Township. Current zoning permits a variety of commercial, retail and residential uses. With the sports complex In The Net located just across the street this could be a perfect expansion opportunity to feed off the thousands who frequent that complex in a given year. The area has become a heaven for sports related operators, others include Paramount Sports Complex, Prevail Volleyball Club, Crossfit of Hershey, Klick Lewis Arena (Palmyra Black Knights Hockey), Frozen Ropes Baseball and Softball training and GCH Training Academy. The residential, commercial and industrial markets in the region have exploded in recent years as land around Derry Township has become more scarce and more affordable options have become sought after in recent years. Cooperation with both Townships will be paramount in the development of the project. The 14.9 acre South Londonderry portion of the project is currently zoned Commercial Office (C-O) and allows for hotels, restaurants, banks, retail, assisted living, and office including medical, daycare and a variety of other uses which would compliment this address and surrounding area. The 4 acre North Londonderry portion of the project is currently zoned (R-2) Medium Density Residential and allows for single family detached dwellings, churches and medical office. The site is comprised of three (3) houses and a pole barn and currently receives approximately $5,500 per month in income. 35 EDU's transfer with this property. With nearly 1 million sq. ft. of Hospital and Medical facilities just a couple miles west in Hershey and millions of tourists visiting Hershey Park, Hersheys Chocolate World, The Giant Center, Zoo America, The Hotel Hershey, and the Hershey Lodge; this is an excellent opportunity to feed off the tremendous growth and development this corridor has enjoyed over the past several years. Hershey is home to some of the biggest events in the nation. Its RV and Antique Auto Show are the largest in the United States and when coupled with the Pennsylvania State Farm Show and others such as the Carlisle Auto Show and Outdoor Show to name a few this region is primed for continued expansion and the Hershey/Palmyra corridor is at the forefront of this anticipated growth.

Price History
5/24/2023 Listed $1,775,000

General Features

Sewer Public Sewer
Possession Settlement
Zoning C-O AND R-2
Property SubType Land
Tax Year 2023
Current Use Mixed
Percent Ownership Fee Simple
County LEBANON
Property Type Land
HOA / Comm Assn No
Water Access Y/N No
Status ACTIVE
Directions Follow S. Forge Road towards In the Net sports complex. All properties border both S. Forge Road and Airport Road.
ModificationTimestamp 2023-12-22T07:29:41
City PALMYRA
Buyer Agent Compensation 2
Zoning Description Located partially in S. & N. Londonderry Twp. Zoning permits a variety of commercial,retail and residential uses. 35 EDU's.
MLS Area North Londonderry Twp (13228)
Lot Size Square Feet 823284.00
Tax Assessed Value 0.0
Waterfront Y/N No
Street Name AIRPORT ROAD AND SOUTH FORGE ROAD
Tax Annual Amount 0.0
Price Per Sq Ft 2.16
Additional Parcels Y/N Yes
Vacation Rental Y/N No
Days on Market 344
Standard Status Active
Buyer Agent Compensation Type % Of Gross

Exterior Features

Lot Features Backs to Trees,Irregular,Level,Partly Wooded,Trees/Wooded
Water Source Public
Water View Y/N No
Lot Size Acres 18.90
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 17078

Price
AVG $800K
$1.78M
Visits
AVG 224
612
Data Provided by Inside Real Estate®

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