Real Estate Opportunities in Milton, PA
| County: Northumberland | Milton PA GPS Geo Positioning System: Latitude 41.020363 Longitude 76.853736 Coordinates 41.020363, -76.853736 N41°1.22178, W076°51.22416 |
Local Highlights Minutes Away:
Bucknell University, Woodmode Corporation, Woolrich Corporation, Kuhns Brothers Log Homes (Custom log homes shipped world-wide), Susquehanna University, Penn College of Technology, Geisinger Medical Center, Evangelical Hospital, Nature's Best Organic Feeds (Shipping organically-certified grains worldwide), PA Association of Sustainable Agriculture -- you name it; we've got it.
The region hosts several antique havens with over 450,000 SF of antique villages just four miles south! Milton is located on the banks of the longest non-navigable river in the world, the Susquehanna River. Fabridam-created Lake Augusta allows for the use of canoes, kayaks, pontoon boats and expensive motor boats all summer long. There is prime hunting and fly fishing in the northern mountains one-two hours north. Elk hunting is in the western part of the state. Th
e area is one of the last refuges for the nearly-extinct Spade-Foot Toad. The eagle population abounds with many nests along the Susquehanna River, which winds north into New York State from Milton. On the south end, it connects via Sunbury and Harrisburg to the mighty Chesapeake Bay.
State College, (Penn State University), and the stunning capitol, Harrisburg, are 50 miles away. All other points of interest (DC/NYC/Finger Lakes/Philadelphia, etc) are 150 miles from Milton. The major highway network offers easy on and off MAJOR highways just three to five miles away, such as route 80 connecting NY to California; routes 11 and 15 connecting Florida to Canada. Several beltways to the north regions are nearby. The closest airport is Williamsport or Scranton/Wilkes-Barre. Large airports are at Philadelphia (3 hours) and Baltimore (2.0 hours). Several private corporate jet strips are within 20-30 minutes for private plane hangars.
Opportunities abound for investment in Milton, especially the niche needed to house visiting associate professors from Bucknell University and newly-hired doctors from Evangelical Hospital. The rental housing market for this category of employee is great; expectations are from 850-1400 SF and renovations need to fit the upper medium to lower high grade levels of apartments or condos. Rental income for single family renovated homes top out at about $1500 - $1700 per month. Ornate brick and wood homes of the past are readily available. In fact, if your idea is to own a part of an entire downtown for your portfolio, you could. Skilled craftsmen and the builders industry keeps all of these small towns growing in this area.
Milton offers many alternative real estate buildings including old mills for possible antique coops or beer brewing works (which are very popular in the region), old churches for unusual loft residences and shop combos (zoning permitting), period hotels-two are currently in the town for guest houses or bed and breakfasts. Many old houses in the town are glorious turn-of-the century or earlier 19th C. brick and brownstone mansions lining tree-covered streets and would offer opportunity for guest houses, B&B and dining uses. The region has one restaurant chef trained at the Culinary Institute of America. Le Jeune Chef Restaurant at Penn College of Technology in Williamsport (part of Penn State) offers a program in the region and places students in top level hotel and resort companies world-wide. Liquor licenses are available in the area this time.
Contact the TIME office for details about investing in Milton and the loan programs offered in the region. Buildings of 10,000 SF or more may qualify for the Pennsylvania Main Street Anchor Building program. The office will connect you with local owners or listing brokers.
The look? A little bit like Jim Thorpe, PA, featuring village and alley attractions and shops. Very up and coming and very very affordable real estate being bought by New Yorkers and New Jersey folks whose kids attend Penn State or Bucknell Universities. Give us a call to connect into the investment network here. Houses start at $75,000; the stately older hotels are under $400,000.