Former Exxon Property at East 7th and Fayette Back on Market
Binnie Bianco of Long & Foster shared with us earlier this week that the former Exxon property at the corner of East 7th and Fayette is back on the market (see listing). The business is no longer an Exxon and does not sell gas, but does actively service automobiles.
The property was first marketed for sale back in 2014 and a developer worked on the project for a couple years, but it never moved forward. The plan was for retail on the ground floor with apartments above. This developer eventually decided against moving forward.
There are four key properties up for redevelopment in the Borough of Conshohocken and this is one of them. The first is the Moore property at 12th and Fayette (where a developer is seeking to put a convenience store and gas station), Leeland Mansion (which won't be torn down, but potentially will be sold by the Borough), the Exxon property, and then west unit block of Fayette Street (proposed for a hotel, larger office buildings).
Fayette Street consists of 13 blocks through Conshohocken. The properties mentioned above represent the two entrances to town, the Exxon at the heart of town, and Leeland Mansion representing the town's history.
Binnie describes the opportunity to redevelop the Exxon property on LoopNet as follows:
Rare Opportunity To Purchase A Corner Commercial Property In Sought After Conshohocken. This Property Would Cater To One User For Large Chain Store, Office Building Or A Small Strip Of Retail Stores With Apartment/Condo's Above. There Is No Other Opportunity In Conshohocken Like It. Across The Street Is CVS & Large Office Building. Conshohocken Is The Most Convenient Town For Any Business. Borough Is In Favor Of Retail Growing The Town. Large Corner Lot With Various Commercial Industry Nearby. Property Was Previously A Gas Station, No Longer Serving Gas, Just Auto Repair. Buyer Responsible To Remove Tanks & Pumps. Estimate Available Upon Request. DEP Inspections Annually. Zoning Allows For A 40Ft High Building With 85% Allowable Impervious Coverage. Please Review Uploaded Conshohocken Zoning Regs. Phase 1 & 2 Inspections Had Been Completed With Small Clean Up For Outdoor Oil Heating Tank. Please Contact The borough For ALL Zoning Questions. Conshohocken Is Still Changing & Growing, This Is A Rare Opportunity For Developer Or End User To Be A Part Of That Change. Do Not Allow Buyers To Approach Or Contact Employees. Do Not Walk Site Or Approach Owner Without Listing Agent.
Conshohocken Is The New Commercial Hub For Many Office Headquarters Due To Its Proximity To Center City, Airport, West Chester, King Of Prussia & New York City.
The listing price is $1.7 million. For more information contact Binnie via email at Binnie@LNF.com or at (484) 576-7219.