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— 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
Courtesy of: TCS Management, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 1st July, 2022 9:34 AM (UTC)