Description
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Description:
Property Description
Bankruptcy Sale: Western District of Pennsylvania (Pittsburg). Petition No: 22-21375-TPA | In re: RLI Solutions Company
Bid Deadline: June 19
On-Site Inspections: By Appointment Only
This sale offers a fantastic opportunity to acquire a truly unique site, which can be developed without zoning restrictions. Located in Clarksburg, West Virginia, the site consists of 380± acres total with 180± acres developable. All of the developable acreage sits at the intersection of I-79 and U.S. Route 50; the second-busiest intersection in the state, with 80,000 vehicles daily.
The offering is currently one of the largest unzoned developable sites available in the state. Existing schematic plans call for a mix of retail, mixed-use and industrial development parcels. Various incentives may be available, including TIF, AML and NMTC.
Highlights
- Largest development site available in West Virginia – no new zoning required
- 77± AC (out of developable 180± AC) are shovel-ready
- Tremendous visibility from I-79 & direct access points off U.S. Route 50
- Schematic site plans produced & available
- Various incentives potentially available:
- - Harrison County TIF District proposed
- - AML funding possible
- - New Markets Tax Credit (NMTC) qualified; severely distressed
- 773,000 households & 62,600 businesses within 100 mile radius
Location Description
Clarksburg, West Virginia is ideally located at the intersection of U.S. Route 50 and Interstate 79 in West Virginia, positioning it midway between Pittsburgh, PA and Charleston, WV on I-79 and midway between Washington, D.C. and Cincinnati, OH on US-50. Relatively low unemployment, affordable land and the presence of well known organizations like the FBI and the Department of Defense attracts biometric contractor companies, making the county a trailblazer in technological advancement throughout the state. Clarksburg is currently experiencing retail growth, with both New Pointe Plaza and Eastpointe Shopping Center both opening in the last few years, featuring national retailers like Walmart, Sams Club, Starbucks, Chick-Fil-A and Lowe’s Home Improvement.
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