Property Details
This property being offered for sale is located in Unity Township in Westmoreland County, Pennsylvania.The site is strategically situated on U.S. Route 30 between the cities of Latrobe and Greensburg and is one of the few remaining large undeveloped properties on this segment of the highly traveled highway. This portion of Westmoreland County, part of the Laurel Highlands, is transversed East/West by U.S. Route 22 and 30 and North/South by Routes 981, 982, and 711. Access to the Pennsylvania Turnpike is 12 miles south at Donegal and 14 miles southwest at New Stanton.
Traffic Count
The above picture is localized area of the property with the red star showing the approximate location. Note that Latrobe is to the northeast and the Arnold Palmer Regional Airport to the east. Penn Dot traffic count through this corridor on Route 30 is an average of 33,000 vehicles per day.
Location
The above map shows Westmoreland County outlined in black with the red star showing the approximate location of the land.
Property Description
The property consists of 81.243 acres of farm land with 2443 feet of frontage on U.S. Route 30. 46.302 acres is zoned “business” (B-1 and B-2 zones) and the remainder of the land, 39.941 acres is zoned “residential” (R-1 zone). The map below shows zoning lines and the aerial photo shows approximate boundary lines. The photo view is looking northeast towards Latrobe.
Black = Sewage Line
Located on the property is a 1800's era, two story brick home. It is in a high state of disrepair and more than likely be removed depending on development plans. The photo to the left shows the home. This property has public water that transverses the property and a sewage line is on and along the south side of Rt. 30. Natural gas lines are near by with 3 active wells on the property. Gas from these wells will be available at a reduced rate. The photo on the right shows a picture of one of those wells.
Development
Demographics
Even though the current census shows a small decline in the population to the year 2021, compare that with the Demo Report created in the year 2006 population of 33,225 in a 5 mile radius with the 2017 population of 41,354 in that same radius. This property is located in a highly desirable location and in a key position for any future growth that will be coming.
The current gas royalties are derived from shallow wells with small dollar payouts at current production and gas prices. The future potential is when drilling is done on the Marcellus and Utica gas formations.
The current gas royalties are derived from shallow wells with small dollar payouts at current production and gas prices. The future potential is when drilling is done on the Marcellus and Utica gas formations.
Local Attractions & Distances
• St. Vincent College (Home of the Pittsburgh Steelers summer practice): 1.1 mile east
• Arnold Palmer Airport (Served by Spirit Airlines): 1.5 miles east
• Kennametal Inc. (World Wide Manufacturer of tooling for mining industries): 1.2 miles to the east
• Town of Ligonier: 8 miles to the east
• Laurel Highlands: 15 miles to the east
• City of Latrobe (Home of the world famous golfer, Arnold Palmer): 2 miles east on Rt.30 & Rt. 985
• Walmart & Lowes Plaza: 2.3 miles east on Rt. 30
• Westmoreland Mall: 5 miles west on Rt. 30
• City of Greensburg, PA: 6 miles west on Rt. 30
• ldlewild Amusement Park (Oldest amusement park in Pennsylvania & 3rd oldest in the U.S.): 6 miles east on Rt. 30
• University of Pittsburgh at Greensburg: 7 miles west
• Seton Hill College: 8 miles west
• Historic Fort Ligonier and historic town of Ligonier: 8 miles east on Rt. 30
• Laurel Mountain Ski Resort: 20 miles east
• Hidden Valley Ski Resort: 29 miles south
• Seven Springs Ski Resort: 31 miles south
• City of Pittsburgh: 35 miles northwest
• A recent $40.1 million dollar bid was awarded to Cordish Co. for a Casino to be built in Westmoreland County near Greensburg, Pa. Stadium Casino, LLC (a joint venture of the Cordish Companies and Greenwood Gaming & Entertainment) and CBL Properties announced plans to develop an approximate 100,000 square foot casino and entertainment complex at CBL’s Westmoreland Mall in Hempfield township, Westmoreland County, Pa. The new casino will be located in the space currently occupied by Bon-Ton department store, which will close in early August. The casino is projected to create 600 jobs and generate millions of dollars to the local community. Note: This location is 5 miles west of the Btrent property location.
Asking Price
The asking price is based on a negotiated option agreement between the current owners and a Pittsburgh based land development company in the year 2006. The agreement ended when one of the primary tenants pulled out from the development company do to the economic outlook at that time. The sewage on the south side was still only in the planning stages in 2006. The property was taken off the market at that time.
Pricing
46.302 acres zoned business @ $2,700,731.00
39.941 acres zoned residential @ $1,080,292.00
Gas rights: $540,146.00
TOTAL: $4,321,170.00
39.941 acres zoned residential @ $1,080,292.00
Gas rights: $540,146.00
TOTAL: $4,321,170.00