The industrial property at 241 East Elm Street in Conshohocken owned by the Fine Grinding Company has been listed for sale on Crexi.com. The property includes a main building that fronts East Elm Street, plus other buildings and a paved area along the railroad tracks. Altogether the property is 1.06 acres and on Crexi.com the price is listed at $16 per square foot.
From the listing:
Buildings to be delivered vacant and in broom clean condition. Sellers offering property for sale as a redevelopment or under current allowed use as per LI – Limited Industrial District/Research zoning. The property provides easy access with proximity to Spring Mill and Conshohocken train stations and highways 76 and 476.
Earlier this year, Conshohocken’s Borough Council removed a residential overlay that allowed residential development within the Limited Industrial zoning district as a conditional use. The adjacent property at the corner of East Elm Street and Poplar Street was approved for redevelopment as a residential townhouse community prior to the overlay being rescinded.
The property is represented by Tom de Jong of Colliers. When you search for the property on the Colliers’ website, more detail is offered.
Property is on Elm Street with ingress/egress from Elm Street, Poplar Street and Ash Street. Elm Street is “traffic constrained” making the development as an industrial property challenging. In preliminary conversations with Borough Manager, Stephanie Cecco, Self-Storage was discussed as a potential redevelopment option and appeared to receive preliminary support. Residential redevelopment may also be an allowable use as the adjacent parcels at 263 East Elm Street are being redeveloped into a 21-24 unit multi-story condo project.