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MULTI_FAMILY - Bangor Boro, PA
Rare opportunity to acquire a 4,048 SF building with significant development potential and substantial groundwork already completed by an experienced general contractor/developer. Property Highlights: 4,048 square feet with flexible use options. Current: Office space. Potential: 5-8 residential units with ground-floor commercial, or single-family home. Architectural drawings for multi-unit conversion available. Two presentations completed before the Borough planning committee. Sewer EDU requests initiated and parking solutions designed. Final approvals are still pending. Value Proposition: After-repair value for the fully developed property significantly exceeds current asking price, representing exceptional upside for qualified investors or developers. Unique Advantage: Seller is a licensed general contractor willing to provide consultation and construction services, offering invaluable...
Rare opportunity to acquire a 4,048 SF building with significant development potential and substantial groundwork already completed by an experienced general contractor/developer. Property Highlights: 4,048 square feet with flexible use options. Current: Office space. Potential: 5-8 residential units with ground-floor commercial, or single-family home. Architectural drawings for multi-unit conversion available. Two presentations completed before the Borough planning committee. Sewer EDU requests initiated and parking solutions designed. Final approvals are still pending. Value Proposition: After-repair value for the fully developed property significantly exceeds current asking price, representing exceptional upside for qualified investors or developers. Unique Advantage: Seller is a licensed general contractor willing to provide consultation and construction services, offering invaluable insight into completing approvals and construction efficiently. Why Available: Seller pursuing other large-scale project commitments. Ideal For: Experienced investors seeking value-add opportunities, Developers comfortable with entitlement processes, and Buyers wanting single-family conversion or multi-unit income property. All planning documentation, drawings, and approval correspondence available for review.
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