AVAILABLE FOR SALE. Development Opportunity Ashbourne Rd. Elkins Park, PA AVAILABLE FOR SALE. Exclusively Listed By:

Transcription

1 AVAILABLE FOR SALE Development Opportunity 1900 Ashbourne Rd. Elkins Park, PA AVAILABLE FOR SALE Exclusively Listed By: The Flynn Company (215) Brendan Flynn Michael Gallagher Brian Urban

2 Ashbourne Road is located in the heart of Elkins Park in Montgomery County, PA, just minutes from Philadelphia. There are a number of highlights to this unique site: 7.99 acres of raw land; last undeveloped large tract of land in Cheltenham Township. Approximately 591 frontage along Ashbourne Road; adjacent to Lynnewood Gardens, the Elkins Park Post Office and across the street from Lynnewood Hall (33.85 acre Gilded Age former estate of Peter A.B. Widener). Approvals in-place for 208,000 SF, 4-story structure with 130 residential units and 260 parking spaces. Tremendous Cheltenham Township location; home to a superior school system, outstanding municipal services, first-class recreational opportunities and beautiful tree-lined neighborhoods. Great opportunity to develop senior housing, assisted living, market rate apartments or medical office space in a park-like setting situated in a densely populated area. Exclusively Listed by: Brendan Flynn Michael Gallagher Brian Urban x x x155 bflynn@flynnco.com mgallagher@flynnco.com burban@flynnco.com We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

3 Property Information: Property Description Address: Township: Municipality: 1900 Ashbourne Road, Elkins Park, PA Cheltenham Cheltenham Property Description Location: Property: Ashbourne Rd near Spring Ave; adjacent to Lynnewood Gardens, Elkins Park Post Office and across street from Lynnewood Hall; 0.25 miles from Cheltenham Ave and Washington Lane Vacant land Parcel ID: Tax Map ID: Real Estate Taxes: $15,206 Zoning: (Block 172, Unit 13) M-2 (Multiple Dwelling District) Land SF: Building SF: Street Frontage: Approved Development: Environmental: Utilities: History: Potential Development: Population within 1 mile: Population within 3 miles: Households within 1 mile: Households within 3 miles: Median HH income within 1 mile Median HH income within 3 miles ~348,044 SF (7.99 acres) None 591 along Ashbourne Road 208,000 SF, 4-story structure with 130 units and 260 parking spaces (no more than 188 shall be surface parking) No known environmental conditions None, but access to water and electric from Mather Way The previous owner proposed a church development Prime for senior housing, assisted living, residential apartments or medical office opportunity 22, ,000 8,919 91,000 $49,866 $52,271

4 Aerial Map:

5 Area Map: Lynnewood Gardens Cheltenham Square Mall Cheltenham School District Elkins Estate Elkins Park Post Office Widener Estate

6 Parcel Map:

7 Plat Plan:

8 Plat Plan:

9 Local Map:

10 Regional Map:

11 Proposed Site Development Plan:

12 Elevation of Proposed Building #1:

13 Elevation of Proposed Building #2:

14 Approvals:

15 Approvals:

16 Approvals:

17 Approvals:

18 Property Photos:

19 Cheltenham Township Overview: Founded in 1683 and incorporated as a municipal government in 1900, Cheltenham Township, with a population of nearly 37,000, encompasses an area of 9.06 square miles and is conveniently located approximately 20 minutes from center city Philadelphia. The community evolved from a quaint Quaker settlement in the late 1600s to an array of mill town industries in the 1700s and early Civil War settlements and railroad industries in the 1800s. In the 1900s, Cheltenham became home to the famous industrial barons Henry W. Breyer, Sr., Jay Cooke, Cyrus H.K. Curtis, William Lukins Elkins, William Welsh Harrison, John B. Stetson, John N. Wanamaker and P.A.B. Widener and a showcase for famous buildings by master architects Horace Trumbauer and Frank Lloyd Wright. Cheltenham is proud of its beautiful tree-lined residential neighborhoods with historic and vintage architecture, first-class recreational facilities, comprehensive libraries, services, convenient shopping, and of the diversity of its residents who make neighborhood block parties popular events and who are dedicated to volunteering for community activities. Past and present have successfully blended in Cheltenham. It has been designated a Preserve America Community, a Tree City USA and one of the 25 Best Places to Live according to Philadelphia Magazine.

20 1900 Ashbourne Road Contact Information & Offer Instructions For Additional Information and to Schedule Property Tours Contact: The Flynn Company 1621 Wood Street Philadelphia, PA (215) Brendan Flynn x152 Michael Gallagher x151 Brian Urban x155 All Offers Shall Include: Purchase Price Timing for Inspection Period and Closing Period Amount of Deposit Money, including any amount that is non-refundable Any contingencies; financing, zoning, etc. Source of funds for the acquisition Financial strength of purchaser Summary of closed transactions and references Seller, with it s sole and absolute discretion, reserves the right to remove the Property from the market. Seller expressly reserves the right, in its sole and absolute discretion, to reject any and all proposals or expressions of interest in the Property, to terminate discussions with any party at any time. We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.