Welcome to this prime 5-unit property, perfectly situated in the heart of Jessup, offering a unique blend of commercial and residential spaces. This fully-occupied, income-generating property includes two thriving commercial units, currently leased to a popular restaurant, and three well-maintained residential apartments.Key Features:Two Commercial Units: Both currently leased to a successful restaurant, providing a stable and reliable source of income.Three Residential Apartments: Each apartment is equipped with separate utilities, ensuring convenience and independence for tenants.Ample Off-Street Parking: Generous parking spaces available, making it easy for both tenants and customers to access the property.Prime Location: Situated in a highly sought-after area of Jessup, with easy access to local amenities, public transport, and major highways.This property offers a strong return on investment with a mix of commercial and residential tenants, all located in a vibrant, high-demand area. Whether you're a seasoned investor or new to property ownership, this is an opportunity you won't want to miss.Schedule a tour today and explore the potential of this exceptional property!
This remarkable 12-acre parcel of vacant commercial land is fully approved and ready to break ground for a 146-unit Senior Housing Apartment project. Strategically located in Jessup, PA, this project has been meticulously planned to meet the growing demand for senior living.The development includes two thoughtfully designed three-story buildings. Building One features 71 units, consisting of 56 one-bedroom and 15 two-bedroom apartments. Building Two offers 75 units, with 30 one-bedroom and 45 two-bedroom apartments. The project is shovel-ready, with approvals in place, including a completed land development plan, NPDES permit, and building drawings ready for code review.Adding to its appeal, this property offers significant financial incentives, including a 10-year LERTA providing substantial tax savings and PA Opportunity Zone eligibility for long-term investment benefits.This is an unparalleled opportunity for a developer to bring a fully approved, ready-to-go senior housing community to life in a prime location. Act now to turn this vision into reality and create a lasting impact in a growing market.
Jessup is located in Pennsylvania. Jessup, Pennsylvania has a population of 4,543. Jessup is less family-centric than the surrounding county with 20.99% of the households containing married families with children. The county average for households married with children is 24.76%.
The median household income in Jessup, Pennsylvania is $54,002. The median household income for the surrounding county is $58,366 compared to the national median of $69,021. The median age of people living in Jessup is 44.3 years.
The average high temperature in July is 81.1 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 42.1 inches per year, with 52.5 inches of snow per year.
