Steve Guido - Commercial Real Estate Showcase

Steve Guido Property Listings
A-Vision Properties
700 S Henderson Rd
King of Prussia, PA 19406-3530
(610) 999-9296

1400 Mill Creek Road

Gladwyne, PA 19035 - Main Line Submarket

Property Type:Land Parcel Size:2.18 Acres
For Sale Price:For Sale Price/Acre:For Sale Price/SF:-

Proposed Use:Apartment Units - Condo

On-Site Improv:Previously developed lot

Newmark Knight Frank Smith Mack has been exclusively retained by Owner to offer for sale 1400 Mill Creek Road, a historically significant property in Gladwyne, PA that sits on the banks of Mill Creek-one of the last surviving freestone streams in Montgomery County, PA. Located in Lower Merion Township, Gladwyne was identified by American Demographics magazine as the third most affluent zip code in the United States (April 2005).
The Mill Creek property, situated on 2.18 acres, presently consists of three buildings, which were part of former munitions and grist mills dating back to the early 1850’s. Mill Creek is enveloped by Rolling Hill Park, a densely wooded 103-acre community park that includes walking, hiking and equestrian trails. Given this natural setting, the property is ideal for luxury residential development. The owner has received approval to build 33 ultra-luxury two and three bedroom condominiums. The majority of the $1 million residential sales that occur in Montgomery County, PA, transpire in Lower Merion Township.
Investment Highlights
? Exceptional Location Amidst 103-Acre Rolling Hill Park
? Shovel Ready for Construction
? Site Linked to 50 miles of the Bridlewild Trail Network
? Significant Barriers to Entry for Development
? RAA Zoning Designation
? Site is Fully Entitled (Zoning & Plan Approved)
? Development of New Units and Conversion of Existing Stone “Mill” Building
? Approved for 33 Two and Three Bedroom Luxury Units
? Average Unit Size - 1,938 SF
? 2.18 Acres in Sylvan Setting
Location Highlights
? Wealthiest Zip Code in Pennsylvania
? Average Gladwyne Residential Sale Exceeds $1.23M
? Highly Esteemed Lower Merion School District
? 15 Minutes to Center City Philadelphia 5 Minutes to Conshohocken
? Minutes to Gladwyne Center and Philadelphia Country Club
? Close Proximity to East Bound Route I-76

Sale Notes:
Bucolic 2.18 acre site, nestled next to the Mill Creek. Full land development approvals from Lower Merion Township for 34 Condominiums.
On property trails lead to Rolling Hill Park
Lower Merion Township, Gladwyne is recognized as the most affluent suburb of the Philadelphia region. 8 miles from Center City Philadelphia. along the Mill Creek and minutes from the town of Gladwyne and Bryn Mawr

A-Vision Properties
Steve Guido
(610) 999-9296

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