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1400 Susquehanna Ave

24.96 Acres of Industrial Land Offered at £1,590,837 in Sunbury, PA 17801

Investment Highlights

  • 20+ industrial zoned site
  • Heavy infrastructure capacity
  • Rail service provided by Norfolk Southern

Executive Summary

24.96 acres of prime industrial-zoned land featuring robust infrastructure, including Norfolk Southern rail service. Ideal for qualified projects seeking tax incentives and excellent development potential in a strategic location. There is a LERTA in place to phase in the property tax for improvements over 8 years. The city is completing engineering for a new traffic light on Front Street and an improved intersection at Susquehanna Ave & Front Street. There is a $2M RACP grant for the site. The city is the grantee. It is for installation of the traffic signal and infrastructure work for the site. A developer can match the full $2M or use land as match.

Property Facts Under Contract

Price £1,590,837
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use Industrial
Total Lot Size 24.96 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price £1,590,837
Price Per AC £63,735
Lot Size 24.96 AC

Available now: 20+ acres of industrial-zoned land with robust infrastructure, including Norfolk Southern rail service. Tax incentives are available for qualified projects seeking prime industrial development opportunities.

Description

The site was once the location of fiberboard manufacturer Knight-Celotex that closed the Sunbury plant in late 2008. The building was torn down around 2011 and has been vacant since. Phase 1 and phase 2 environmental reports have been completed on the site. The site has gone through the Pennsylvania Department of Environmental Protection’s (DEP) Act 2 Land Recycling Program and was approved on Sept. 19, 2011, for non-residential use. A study at that time showed 48 samples were taken across the 22 acres using ground-penetrating radar, soil samples and concrete coring. The predominant average hourly wind direction in Sunbury varies throughout the year. The windier part of the year lasts for 5.4 months, from November 16 to April 29, with average wind speeds of more than 4.9 miles per hour. The windiest month of the year in Sunbury is February, with an average hourly wind speed of 6.3 miles per hour. The calmer time of year lasts for 6.6 months, from April 29 to November 16. The calmest month of the year in Sunbury is August, with an average hourly wind speed of 3.5 miles per hour. The wind is most often from the south for 3.7 weeks, from May 2 to May 28 and for 2.3 months, from August 2 to October 11, with a peak percentage of 35% on September 7. The wind is most often from the west for 2.2 months, from May 28 to August 2 and for 6.7 months, from October 11 to May 2, with a peak percentage of 40% on July 6. Sunbury, Pennsylvania is in an attainment area

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Philadelphia
1,584,138
141
3 h 14 m
Washington
702,455
171
3 h 53 m
New York
8,398,748
175
3 h 37 m
Columbus
892,533
402
7 h 27 m
Charlotte
872,498
527
10 h 8 m
Indianapolis
867,125
580
10 h 46 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
72,672
Total Labor Force
34,477
Unemployment Rate
3.46%
Median Household Income
$61,071
Warehouse Employees
6,041
High School Education Or Higher
92.00%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
050-01-005-061
Land Assessment
£85,484
Improvements Assessment
£10,738
Total Assessment
£96,222

zoning

Zoning Code Industrial (Zoned for heavy industrial and distribution. No height restrictions.)
Industrial (Zoned for heavy industrial and distribution. No height restrictions.)
  • Listing ID: 32078346

  • Date on Market: 10/06/2024

  • Last Updated:

  • Address: 1400 Susquehanna Ave, Sunbury, PA 17801

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