NOT LISTED FOR SALE

1345 1347 Middletown Rd Glen Mills, PA

Edgmont Neighborhood
2.4 Acres
-- Price per Acre
104,544 Sq Ft Lot

Last Sold March 15, 2024

Last sale price $565,000

244 Days on Market

Highlights

  • No HOA
  • Glenwood Elementary School Rated A
  • Level Lot

About This Lot

As of March 2024

Located in the true heart of downtown Gradyville lies an opportunity to write yourself into the rich history of two of Edgmont Township’s most recognizable dwellings, the former “Gradyville Inn” (dating back to approximately 1740) and the Gradyville Post Office(currently cash flowing at $36,500 annually with a lease in place until 11/2026!). Situated on a sprawling corner property with high visibility, this parcel is in the C-1 Zoning District, but allows for both commercial AND residential uses. It goes without saying that Edgmont’s residents prefer that the post office remain, and that is the wish of the owner, as well (sale subject to current lease). With a current lease of $3,041/month ($36,500 annually, through November, 2026), the new owner will have immediate income as they work with the township on their vision and plans for this parcel on a prominently located corner property in charming Gradyville. The post office (#1347) is a two-story dwelling (approximately 3,000sf total) with the 2nd story consisting of five offices (see agent for current permitted uses and the Township for possible permissible uses), a bathroom and utility room. There is private access to this level via an exterior stairwell on either side of the building.The following ideas for suggested use will all need to be outlined and proposed to the Township for approval: The former Gradyville Inn can be restored to its grandeur, or with Edgmont Twp approval, made into a twin home, as the footprint is large enough to accommodate for two side-by-side residences. The 2nd and 3rd floors have 4 bedroom each, with a second kitchen (plumbing is there) on the 2nd level. Deep window wells, incredibly intricate millwork and tiles from the 1740's. Thinking of adding a single-family dwelling to this property, or potentially two if allowable (2 acre minimum, so this would require the former Inn to be demolished)? Bring your vision to the Township and be the catalyst to improve this special parcel in historic Gradyville. Note: As per Edgmont Township, “The C-1 District is designed primarily for commercial development with a view toward serving the general convenience shopping or service needs of local neighborhoods and the residents of the Township; providing areas which are nearby and accessible to such neighborhoods and residents; establishing regulations to help ensure compatibility with adjacent residential uses; and promoting more of a village-type character with small buildings in scale with and/or similar to those in historic Gradyville.

Last Listed By

Kristin Ciarmella

Keller Williams Realty Devon-Wayne License #RS281216 Listed on: 06/03/2023

Keller Williams Realty Devon-Wayne

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,464

Lot Details

  • 2.4 Acre Lot
  • Lot Dimensions are 382.50 x 633.40
  • Level Lot
  • Open Lot
  • Property is zoned C1

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 017-001
  • Assessor Parcel Number 19-00-00235-00

Property Details

Property Type

Land

Est. Annual Taxes

$12,464

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Automatically Close On Close Date: No
  • Remarks Public: Located in the true heart of downtown Gradyville lies an opportunity to write yourself into the rich history of two of Edgmont Township’s most recognizable dwellings, the former “Gradyville Inn” (dating back to approximately 1740) and the Gradyville Post Office(currently cash flowing at $36,500 annually with a lease in place until 11/2026!). Situated on a sprawling corner property with high visibility, this parcel is in the C-1 Zoning District, but allows for both commercial AND residential uses. It goes without saying that Edgmont’s residents prefer that the post office remain, and that is the wish of the owner, as well (sale subject to current lease). With a current lease of $3,041/month ($36,500 annually, through November, 2026), the new owner will have immediate income as they work with the township on their vision and plans for this parcel on a prominently located corner property in charming Gradyville. The post office (#1347) is a two-story dwelling (approximately 3,000sf total) with the 2nd story consisting of five offices (see agent for current permitted uses and the Township for possible permissible uses), a bathroom and utility room. There is private access to this level via an exterior stairwell on either side of the building.The following ideas for suggested use will all need to be outlined and proposed to the Township for approval: The former Gradyville Inn can be restored to its grandeur, or with Edgmont Twp approval, made into a twin home, as the footprint is large enough to accommodate for two side-by-side residences. The 2nd and 3rd floors have 4 bedroom each, with a second kitchen (plumbing is there) on the 2nd level. Deep window wells, incredibly intricate millwork and tiles from the 1740's. Thinking of adding a single-family dwelling to this property, or potentially two if allowable (2 acre minimum, so this would require the former Inn to be demolished)? Bring your vision to the Township and be the catalyst to improve this special parcel in historic Gradyville. Note: As per Edgmont Township, “The C-1 District is designed primarily for commercial development with a view toward serving the general convenience shopping or service needs of local neighborhoods and the residents of the Township; providing areas which are nearby and accessible to such neighborhoods and residents; establishing regulations to help ensure compatibility with adjacent residential uses; and promoting more of a village-type character with small buildings in scale with and/or similar to those in historic Gradyville.
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 8.12
  • Street Number Modifier: 1345

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: ROSE TREE MEDIA
  • School District Key: 300200397360
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Features: Level, Not In Development, Open
  • Lot Size Acres: 2.40
  • Lot Dimensions: 382.50 x 633.40
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 104544.00
  • Year Assessed: 2023
  • Zoning: C1
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 10080.00
  • Tax Annual Amount: 12464.00
  • Assessor Parcel Number: 19-00-00235-00
  • Tax Lot: 017-001
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 03/15/2024

MLS Schools

  • School District Name: ROSE TREE MEDIA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $565,000 -33.5% --
02/02/2024 02/02/24 Pending -- -- --
12/28/2023 12/28/23 Price Changed $849,000 -14.2% --
10/27/2023 10/27/23 Price Changed $989,000 -15.8% --
07/19/2023 07/19/23 Price Changed $1,175,000 -6.0% --
06/03/2023 06/03/23 For Sale $1,250,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2047256

Bright MLS