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Still time to bid on more than 500 acres in Middlesex Twp. cleared for 1,000-plus home development

October 16, 2017

MIDDLESEX TOWNSHIP, PENNSYLVANIA --   Siginficant interest from investors in the Harrisburg, Philadelphia, New Jersey and New York areas has caussed  the auction date for 500 acres in Middlesex Township to be pushed back to November 3, allowing bidders more time to study the property and details about the already-approved 1,000 home-development in the top-rated Cumberland Valley School District.

 

Featuring open pastures, a wooded area, and a stream, the scenic, boot-shaped property is located at 250 Country Club Road in Middlesex Township, Cumberland County and within an easy commute of the state capital, Harrisburg. Known locally as “Pennterra,’’ the property has water, sewer and utility service all available.

 

Surrounded by several nearby industrial sites and with the entire East Coast’s major population centers within a short drive, an industrial site is also a possibility, pending additional approvals. 

 Bids are due November 3, 2017, with a $100,000 registration deposit. For more information or to tour the property, contact Greg Rothman with RSR, REALTORS® at 717-571-3345 or grothman@rsrrealtors.com

Adjacent to I-81 and 76 in Carlisle and with water, sewer and utility service all available, “Pennterra”  offers a unique opportunity for developers and investors.

“This property represents a once-in-a-lifetime opportunity to develop 500+ acres in Cumberland Valley School District,’’ said listing agent Greg Rothman of Lemoyne-based RSR, REALTORS®.

Surrounded by several nearby industrial sites and with the entire East Coast’s major population centers within a short drive, an industrial site is also a possibility, pending additional approvals.

There is an incredible amount of due diligence material for the buyer’s review, from environmental impact reports and market density studies to geotechnical studies, traffic studies, and appraisals.”

A new buyer will also have developer agreements already negotiated with the township that provides full utility service. Preliminary and Final Master Subdivision Approvals and associated permits are in place as well.

The plan for housing styles maximizes lots and home premiums.  An ordinance is already in place supporting small-lot singles that would be ideal for a retirement community or a traditional neighborhood design. Approvals are also in place for a commercial town center with 243,000-square-feet of office/retail space.

As part of the design, half the land will remain open space for the residents to enjoy and the plans anticipate a developer being able to build and sell up to 200 units a year.

While the current zoning does not support industrial or warehouse uses, in seeking a change a new owner can point to similar uses nearby. Nearby industrial uses along the Carlisle Pike include Amazon, Overstock.com, Whirpool, Chewy.com and Napa Auto.