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For more information on this property, contact Brett Furman at 610-687-6060 or brett@brettfurman.com

452 S Roberts Road
Bryn Mawr, Pennsylvania PA 19010-1136
Sold For: $19,880,000
Listing ID PADE2009644
Status CLOSED
SqFt 94,918
Year Built 1960

Property Description:

This beautiful, 43.5-acre property at 452 South Roberts Road is now for sale just nine miles west of Philadelphia in Bryn Mawr, Pennsylvania. If your clients are looking for a site to expand or establish facilities this is a unique opportunity to do so. Villanova University, Bryn Mawr College, Rosemont College, and Bryn Mawr Hospital are all located within two miles of the property, while the zip code had the fifth-highest home prices in Pennsylvania in 2020. The average household income in the area is $105,000. The Radnor school district ranked among the top ten in the state. The property is currently zoned Planned Institutional, allowing college, school, religious, or student infirmary use by right. By special exception, a home for children/elderly/handicapped/indigent, a medical or health center, convalescent home, or nursing home is permitted. As an accessory use, playing fields or recreational facilities, dormitories, and other student or faculty dwellings are permitted. Single or multifamily residential use would require a rezoning. Surrounding neighborhoods are zoned R1, R1A, and R2 which include one acre, 30,000 sf, and 20,000 sf lots respectively. Preliminary drawings show that 33 or 32 lots could be placed on the property are included in the MLS documents. The asking price of $17.5M is for a transaction involving a reasonable (+/-60 day) due diligence and a +/- 30 day period until closing with no approval contingencies. The owner is also willing to consider transactions that involve approval contingencies. If you are interested in such a transaction then the price and deposits should recognize the fact that the owner will be required to bear carrying costs, loss of interest, and the risk of approvals, amongst other things. Access to the Septa Norristown High-Speed line (Roberts Road Station) is one mile away, Septa Regional Rail line (Bryn Mawr Station) and I-476 (the Blue Route) are within two miles and Amtrak (Ardmore Station) is three miles away. Ten buildings on the property (previously the Presbyterian Children’s Village) include the Glencoe Estate Mansion built 1907 (Robinson Hall with administrative offices), the Youth Cultural Center (classrooms, gym, cafeteria, religious center, offices, and maintenance area), the carriage house (residence apartments, offices, and maintenance area), six cottages (dormitories) and caretaker’s home. Playing fields are located on the northwest side of the property. Please do not enter the property unescorted for any reason. There are cameras on site. Contact the listing agent via email to arrange for a tour with the listing agent and owner's representative. We are now requesting final and best offers from all interested parties in the form of a written LOI by January 12, 2022. Please review the letter of intent guidance information in the MLS documents section. The current owner is a tax-exempt organization so no real estate taxes are shown. All information provided is from sources deemed reliable but no warranty or representations are made as to the accuracy of this information. This information is subject to errors, omissions, later changes, prior sale, leasing, financing or withdrawal without notice, etc. No liability of any kind is to be imposed against the Broker herein.

Primary Features

County: Delaware
Price/SqFt: 184.37
Property Sub Type: Land for Commercial Use
Property Type: Commercial Sale
Year Built: 1960
Zoning: PLANNED INSTITUTIONAL

Interior

Building Total SqFt Source: Estimated
Central Air: no
Cooling Type: Wall Unit
Heating: yes
Heating Type: Forced Air, Baseboard - Hot Water

External

Car Parking Spaces: 30
Construction Materials: Brick
Cooling Fuel: Electric
Heating Fuel: Natural Gas, Oil
Hot Water: Natural Gas
Lot Dimensions Source: Assessor
Lot Size Dimensions: 0.00 x 0.00
Lot Size Source: Assessor
Lot Size Units: Square Feet
Navigable Water: no
New Construction: no
Sewer Septic: Public Septic
Tidal Water: no
Total Drive In Doors: 3
Total Garage and Parking Spaces: 30
Type of Parking: Parking Lot, Driveway
Utilities: Electric Available, Natural Gas Available, Sewer Available, Under Ground
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no

Location

Country: US
MLS Area: Radnor Twp (10436)
Municipality: RADNOR TWP
Waterfront: no
Zoning Description: The property is currently zoned Planned Institutional, allowing college, school, religious, or student infirmary use by right.

Additional

Accessibility Features: Other
Base Off Market Date: 2022-01-29T00:00:00+00:00
Business Type: Medical, Other
Days on Market: 99
Land Use Code: E-20
Potential Tenancy: Multiple
Year Assessed: 2021
Year Built Source: Estimated

Financial

Association Recreation Fee: N
Automatically Update Tax Values: yes
Buyer Financing: Cash
Exclusions: All items remaining on the property as of settlement.
Lease Considered: no
Net SqFt: 94918
Ownership Interest: Fee Simple
Possession: 120-180 Days
Riparian Rights: no
Sale Type: Standard
Tax Lot: 110-000
Tax Year: 2021
Vacation Rental: no

Zoning Info


Listing courtesy of BHHS Fox & Roach Wayne-Devon (610) 651-2700

© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of BHHS Fox & Roach Wayne-Devon. Data last updated on Friday, March 29th, 2024 12:19:32 AM.

Contact - Listing ID PADE2009644

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Brett Furman

528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060

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