Development Opportunity – For Sale

Development Opportunity – FOR SALE

802 Gravel Pike, Palm, PA


  • Approved But Not Improved Development Project: This prime property offers an approved development project ready for implementation.
  • Residential Units: Approval for the construction of 20 residential units provides a lucrative opportunity in the housing market.
  • Wholesale Business Space: Included in the project is 7,500± SF of wholesale business space, catering to commercial ventures.
  • Sewer & Water Authority Commitment: Secured commitment for 22 Equivalent Dwelling Units (EDUs) from the Sewer & Water Authority, expanding the potential residential capacity.
  • Historic Tax Credits: Part 1 approval for Historic Tax Credits, estimated at approximately $950,000, enhances the project’s financial viability.
  • Zoning Ordinance Change: The project benefits from a zoning ordinance change allowing multi-family conversion, adding versatility to its usage.
  • Parking Design & Approval: Parking solutions are in place, meeting code requirements without the need for variances.
  • Additional Lot Purchase: Included in the project is the purchase of a section of the lot next door, providing a full driveway around the building with extra parking space.
  • Parking Agreement: A parking agreement with the adjacent restaurant ensures ample parking availability.
  • Land Development Approvals: The project has secured necessary approvals from Penn Dot, applicable zoning authorities, and a Zoning Hearing Board decision on all requested variances.
  • Potential for Additional Units: Possibility of additional residential units with variance for less than two parking spots per unit.
  • Central Location: Conveniently situated with close proximity to I-476 and Routes 100 & 663, offering easy access to both Lehigh Valley and Delaware Valley.

Don’t miss this rare opportunity to acquire an approved development project with a strategic location and versatile potential. Contact us for more details and to schedule a viewing.


Available Space (Sq. Ft) : 44,450 +/- SF  
Tax Parcel : 57-00-01366-00-8  
Zoning : VCR- Village Commercial/Residential - Non-conforming  
Address : 802 Gravel Pike  
Use : Industrial  
City : Palm  
State : PA  
Municipality : Upper Hanover Township  
County : Montgomery  
Class : C  
Loading Docks : 2  
Price : $2,100,000  
Search all property types : Investment  
Purpose : For Sale  
Status : Available  



  • Easy Access to Both Lehigh Valley & Delaware Valley
  • Close Proximity to I-476 and Routes 100 & 663
  • Approval for 20 Residential Units
  • 7,500± SF of Wholesale Business Space
  • Includes Land Development Approvals