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31664759
31664758

Pacific Ave Milroy PA 17063, Milroy, PA 17063

NS
PA PA AB069294
NAI CIR
CK
PA PA RS340051
NAI CIR
NAI CIR
Listed by NAI CIR
Unpriced
53 days on market
Updated 53 days ago

Atlantic Ave

Details
APN 12-05-0103-000,03294-0042
Property Type Land, Multifamily
Sub Type Residential
Units 80
Acreage 16.960
Investment Type Redevelopment

Atlantic Ave, Milroy, PA 17063

Marketing description

Shalamar Gardens - Phase two (2) 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 (1) 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 (2) provides a streamlined path to deliver new housing in a supply-constrained market with demonstrated performance.

Investment highlights

  • Fully approved, shovel-ready ±80 Units (40 Duplexes)
  • NPDES Permit issued 2023, valid through 2028
  • ~$1.5M in site improvements completed
  • Utilities to site, including electric, water, sewer
  • Stormwater infrastructure in place
  • Expansion of proven 57-unit community
  • Established rental demand on-site
  • Minutes to State College & Pennsylvania State University

Listing Contacts

NS
PA PA AB069294
NAI CIR
CK
PA PA RS340051
NAI CIR
NAI CIR
Listed by NAI CIR

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Additional Information

Name
Nik Sgagias
License
PA AB069294
Brokerage Phone
717 761 5070
Name
Casey Khuri
License
PA RS340051
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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