Property Description

Excellent development opportunity in the rapidly growing Mount Joy area. This ±0.88-acre Neighborhood Commercial-zoned property comes with land development approvals already in place for a 9-unit apartment complex, allowing a developer to move forward quickly and efficiently. A significant amount of the time, expense, and uncertainty typically associated with the approval process has already been completed. Major approvals are in place, including stormwater management, curbing, and other required site improvements. No street improvement requirements have been identified, helping to reduce development costs and streamline construction timelines. The site is ideally situated adjacent to an existing apartment complex and offers excellent access to Routes 230 and 283, providing convenient commuter access throughout Lancaster, Harrisburg, Hershey, and surrounding employment centers. Additionally, the property is located within Mount Joy Borough's LERTA (Local Economic Revitalization Tax Assistance) district. Qualified development projects may be eligible for a real estate tax abatement on the increased assessed value resulting from new construction and improvements, providing the potential for significant property tax savings during the abatement period. Buyers should independently verify eligibility and program requirements with Mount Joy Borough, Donegal School District, and Lancaster County. This is a rare opportunity to acquire a shovel-ready multifamily development site in a highly desirable market with strong population growth, a thriving local economy, and continued demand for quality housing. Avoid the lengthy approval process and move directly into development with much of the upfront work already completed.

Property Features

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