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718 Sussex Road

WYNNEWOOD, PA 19096
  • $5,500,000
  • STATUS: Active
  • ON SITE: 72 Days
  • ID#: PAMC2041524
UPDATED: 36 min ago
$5,500,000
  • 0
    BEDS
  • 6.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

School District:

Description

This is a very unique opportunity to acquire a fully approved development site along Philadelphia's prestigious Main Line. Given the extreme barriers to entry in this area, there are only a handful of these opportunities left to be developed. The Knox Farm site separates itself from the other opportunities by offering over 6 acres. This will allow ample yards, common areas, and parking for its tenants+GG making+-it a true+-one-of-a-kind opportunity.The site consists of a +-6.1-acre parcel approved for 8 carriage houses, the redevelopment of 2 single-family homes (historic), and 6 condominiums to be built in the existing farmhouse. The unit mix for each is very attractive with (3) two-bedroom/two-bath units and (3) three-bedroom/three-bath units in the original house, (4) carriage houses, and the (2) "country" houses that average 2,800+- square feet. Each unit/house will have a private garage and amenity space on the site is available as well.Located blocks off of Lancaster Avenue in the affluent town of Wynnewood in Lower Merion Township, the Knox Farm Development Opportunity is situated in one of the premier locations in all of Suburban+-Philadelphia. Lower Merion School District is one of the best in the country and is continually ranked in the Top 1%. With a median income of $145,000 within a one-mile radius, the opportunity for high-end condos and townhomes would have enormous demand from potential buyers.*Detailed Information and Plans on the Knox Farm Development Site are available to prospective purchasers.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-19T10:01:54.437.
www.execuhome.com/homes/129579327
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718 Sussex Road WYNNEWOOD, PA 19096

  • Price: $5,500,000
  • Status: Active
  • On Site: 72 Days
  • Updated: 36 min ago
  • ID#: PAMC2041524
0
Beds
0
Baths
0
½ Baths
6.11
Acres
Neighborhood:
Lower Merion Twp (10640)
County:
Montgomery
Area:
Lower Merion Twp (10640)
School District:
Lower Merion
Property Description
This is a very unique opportunity to acquire a fully approved development site along Philadelphia's prestigious Main Line. Given the extreme barriers to entry in this area, there are only a handful of these opportunities left to be developed. The Knox Farm site separates itself from the other opportunities by offering over 6 acres. This will allow ample yards, common areas, and parking for its tenants+GG making+-it a true+-one-of-a-kind opportunity.The site consists of a +-6.1-acre parcel approved for 8 carriage houses, the redevelopment of 2 single-family homes (historic), and 6 condominiums to be built in the existing farmhouse. The unit mix for each is very attractive with (3) two-bedroom/two-bath units and (3) three-bedroom/three-bath units in the original house, (4) carriage houses, and the (2) "country" houses that average 2,800+- square feet. Each unit/house will have a private garage and amenity space on the site is available as well.Located blocks off of Lancaster Avenue in the affluent town of Wynnewood in Lower Merion Township, the Knox Farm Development Opportunity is situated in one of the premier locations in all of Suburban+-Philadelphia. Lower Merion School District is one of the best in the country and is continually ranked in the Top 1%. With a median income of $145,000 within a one-mile radius, the opportunity for high-end condos and townhomes would have enormous demand from potential buyers.*Detailed Information and Plans on the Knox Farm Development Site are available to prospective purchasers.
Exterior Features

Construction Materials Other Garage YN No Location Type Suburban Parking Types Other Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 70000.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 66000.00

Property Features

Accessibility Features Other Assessment Year 2022 Business Type Apartment BuildingOther Central Air YN No Construction Completed YN No Cooling Fuel Other Heating Fuel Other Hot Water Other Municipality Lower Merion Twp Navigable Water YN N New Construction YN Yes Original MLSNumber 801630624468 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public SewerPublic Septic Tax Annual Amount 43869.00 Tax Assessment Amount 1116830.00 Tax Lot 688 Vacation Rental YN No Water Source Public Zoning R3

Listing courtesy of Tcs Management, Llc: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-19T10:01:54.437.
 
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