Approved Self-Storage Land for 308 Units
For sale768 Centerville Rd, Newville, PA 17241
$899,000197,327 SF
Land
Property type
Land
Price
$899,000
APN
31-10-0622-045
Zoning code
C
Lot size
4.53 acres
Property description
Located just off I-81 Exit 37 at Newville with 8,800 cars per day. The 4.53-acre parcel is fully approved and recorded for a 308-unit self-storage development. The land is fairly level and completely open; the plan requires no sewer or water facilities, though public utilities are available on the street, and the project shares a driveway with the adjoining parcel. The approved plan is 14 buildings comprising 196 10x10 units and 112 5x10 units, designed for efficiency of construction and operations. The Carlisle/Newville/Shippensburg area has a growing population and strong storage demand.
Property highlights
- 4.53 Acres approved for a self-storage development
- Plan was just recorded and project is ready to build
- Total of 308 Units; 14 Buildings
- 14 Buildings
- Projected NOI of $194,000