Located directly across from the newly constructed (2019/2020) Lidl Supermarket, the Suburban City Group team is pleased to offer this prime redevelopment opportunity in West Norriton Township. This +/- 2.05 acre rectangular site offers excellent street frontage in a market boasting a median household income of nearly $88,000 in a 1 mile radius. The property is positioned within close proximity to the signalized intersection of Ridge Pike (20,000 VPD, 2017 traffic study) and Trooper Road (12,000 VPD, 2017 traffic study). The immediate submarket has experienced significant growth, as evident by recent retail expansions and both national and international brands establishing new locations along the corridor. Immediately adjacent to West Norriton's Revitalization District, the Ridge Pike/Main Street corridor is expected to see increased redevelopment and retail/medical/office expansion, creating a valuable opportunity for a developer to capitalize on a large site with key grocery frontage. The site is ideal for a variety of uses including, age-restricted living, multifamily, seniors housing, daycare, medical, office, storage, retail, restaurant, or fast food.
The property is under single-ownership and is currently improved with two single-family homes offering public water/sewer and direct access to gas at the street.
Located immediate to the intersection of Trooper Road and Ridge Pike/ Main Street, directly across from the newly constructed (2019/2020) Lidl Supermarket.
- +/- 2.05 acres
- Immediate to signalized intersection
- Directly across from newly constructed Lidl Supermarket
- Over 2.2 million square feet of retail and 1.2 million square feet of office space within a 2 mile radius
- Neighboring tenants include Lidl / Wawa / Starbucks / Dunkin / AutoZone / TD Bank
- Exceptional site exposure
- Partially improved site
- Pro-redevelopment municipality
3/4/2020 1:18:21 AM
4/23/2020 4:21:50 PM