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- LoopNet Team
McMichael Rd
Collier Township, PA 15106
McHugh · Land For Sale · 30.50 AC
Investment Highlights
- Development opportunity
- Owner will carry 2 years
- 30 parcel sub division
PROPERTY FACTS
Property Type | Land | Total Lot Size | 30.50 AC |
Property Subtype | Residential |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 30.50 AC |
Description
New Development Opportunity in Collier Twp. Great Investment Opportunity!!! R1 Single Family Development Concept.This 30.50 Acres is in a prime location for a single-family development near Robinson Town Center, Settlers' Ridge, Settlers' Cabin Park, convenient to the airport, Pittsburgh (15 minutes away), I79 and 376 Parkway West. Site maps and survey proposed 30 lot subdivision with engineered CAD, topo& plot plan. The existing home can be teared down and have another 3 parcels to building. Seller Tax CPA write off is 500,000 builder/ developer: The existing paved private road from McMichael Rd. to parcel accesses this property. A Sought-after location adjacent to other single-family developments in progress adjacent property developing site map is included in package. Conservation Concept is 30 homes with 80 Ft wide SF lots @ 135,000 per lot estimated project 4,050,000. Lots in the area are between 25 and 40 per lot and sales price with homes are upward of 400K+ Project at per home of the minimum 400K+ 25K a lot Making this a minimum of a 12,750,000 gross return. Much more profit is available based on homes you build. New construction and or existing homes in these developments are as follows. Sunrise Junction: are 475 to 675 per home (Ryan homes) resales Tuscany Ridge:are 400 to 500 per home (Maronda homes) resales Bryna Ridge: 400+ (old Ryan plan built between 2006-2008) resales Settlers Point (developing now) 650 to 725 Colonial Ridge: are 500-900 (custom built) resales Neville wood golf course community (builds still available and resale’s): 500 to 4 million. Make this your new development today with gross profit of 12,750,000 to 20,400,000 with a low to medium build. Bonus: Adjacent property is being developed as R2 which within 90 days this site could be as well allowing for 50 patio homes. This means more money than stated. Pittsburgh’s aging community Patio homes are sought after more and more. The average patio home in the Pittsburgh is running 475,000 to 650,000 and with quad homes it is less land development for you, allowing for a higher return. With a medium sale price of 550,000 that gains a gross profit of 27,500,000 and less land charges. Entrance and exit up to 80FTwill need to have support, home sites are above the 80 ft coal line and no support is necessary as stated in the DEP Report. This property is ½ mile from the CC Nevillewood award winning golf community. This is a great opportunity. Don’t wait! Call me today for all questions and package information to go to the next step.
PROPERTY TAXES
Parcel Number | 0262-F-00020-0000-00 | Improvements Assessment | £0 |
Land Assessment | £1,180 | Total Assessment | £1,180 |
PROPERTY TAXES
zoning
Zoning Code | R1 |
R1 |
Listing ID: 24929882
Date on Market: 27/01/2022
Last Updated:
Address: McMichael Rd, Collier Township, PA 15106
The Land Property at McMichael Rd, Collier Township, PA 15106 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.
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