$565,000
$849,000
33.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
2 Baths
3,935 SqFt
SOLD DATE : 03/15/2024
Key Details
Sold Price $565,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,935 sqft
Price per Sqft $143
Subdivision None Available
MLS Listing ID PADE2047254
Sold Date 03/15/24
Style Colonial
Bedrooms 8
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 3,935
Originating Board BRIGHT
Year Built 1740
Annual Tax Amount $12,464
Tax Year 2023
Lot Size 2.400 Acres
Acres 2.4
Lot Dimensions 382.50 x 633.40
Property Description
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.
Location
State PA
County Delaware
Area Edgmont Twp (10419)
Zoning C1
Rooms
Basement Dirt Floor
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Fireplaces Number 2
Fireplace Y
Heat Source Oil, Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Foundation Block
Sewer Septic Exists
Water Well
Architectural Style Colonial
Level or Stories 3
Additional Building Above Grade, Below Grade
Structure Type Plaster Walls
New Construction N
Schools
Elementary Schools Glenwood
Middle Schools Springton Lake
High Schools Penncrest
School District Rose Tree Media
Others
Pets Allowed Y
Senior Community No
Tax ID 19-00-00235-00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
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Bought with Salvatore Joseph Lo Piccolo • Santora Real Estate, LP
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