Commercial
Fully Approved 39-Unit Multifamily Development Site
3948 Portland St, Coplay, PA
9,873
Sqft
4.00 AC
Lot Size
1900
Year Built
Contact
Joseph Paranee, Paranee Property Management
Property Highlights
- Fully approved 39-unit multifamily development, final approvals in place
- Mylar ready to record, NPDES permit approved, Act 2 clearance complete
- Demolition permit can be pulled immediately, shovel ready
- PP&L relocating power lines at no cost, saving roughly $80,000
- Roughly $500,000 of contingency in the current construction budget
- Convenient access to Route 22, Route 309 and Interstate 78
- Positioned to benefit from the $3.5 billion Eli Lilly campus in Upper Macungie
Property Details
3948 Portland Street is a fully approved 39-unit multifamily development opportunity in North Whitehall Township, with final approvals in place and a builder already engaged.
The mylar is ready to be recorded, the NPDES permit is approved and Act 2 environmental clearance is complete. The demolition permit can be pulled immediately, making this a genuinely shovel ready project. A municipal inspection escrow of approximately $20,000 is already established for construction.
PP&L has agreed to relocate the power lines at no cost to the project, eliminating approximately $80,000 in anticipated costs. The current construction budget includes approximately $500,000 in contingency, and additional value engineering and rebidding opportunities still exist within it.
The site sits in the Lehigh Valley growth corridor with convenient access to Route 22, Route 309 and Interstate 78. It is positioned to benefit from the new Eli Lilly manufacturing campus in Upper Macungie Township, a $3.5 billion investment expected to bring approximately 850 permanent jobs and thousands of construction jobs to the region.
Property Facts
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Get Directions →Contact
Joseph Paranee, Paranee Property Management