Castle at Mattison Estate
Ambler, PA
Reserve $1,500,000
Appraised at $1,900,000
December 19
Auction Date
Highlights
Listing Agent
Adam Gillespie, Avison Young
Overview
Originally built in 1890 and remodeled in 1912 to resemble Windsor Castle, this historical 3-story castle is over 24,000 sq ft and features many of the original rare building elements and fixtures. Current ownership has spent over $3,000,000 on renovations since 2019 and proposed plans are in place converting the property into a mixed-use development featuring 11 residential apartments, ground level commercial space and surface parking.
Description
Year Built: 1911
Year Renovated: 2022
Lot Size: 1.13 acres (49,276 sq. ft.)
Gross Building Area: 24,466 sq. ft. (approx.)
Occupancy: Vacant
Parking: 72 spaces
Zoning: MRH, Mixed Use Residential Historical District Permitted Uses: Single, multi family, senior living and mixed residential/commercial office land uses
Year Renovated: 2022
Lot Size: 1.13 acres (49,276 sq. ft.)
Gross Building Area: 24,466 sq. ft. (approx.)
Occupancy: Vacant
Parking: 72 spaces
Zoning: MRH, Mixed Use Residential Historical District Permitted Uses: Single, multi family, senior living and mixed residential/commercial office land uses
Highlights
· Ownership has spent over $3m in renovations since 2019
· Appraised in 2022 for $1,900,000 (As is), $4,850,000 (As completed) & $5,000,000 (As stabilized)
· Average household income of $115,565 (1-mile radius)
· Original elements such as specialty custom trim millwork, stained glass, gilded wallpapered ceilings & carved marble fireplaces
· Interchange of PA Route 309 & the Pennsylvania Turnpike is less than 1 mile
· Plans have been approved by The Preservation Alliance for Greater Philadelphia
· Surrounded by 104 higher-end townhomes & a 3-story, 250-unit senior housing development
· Multiple potential uses
· Appraised in 2022 for $1,900,000 (As is), $4,850,000 (As completed) & $5,000,000 (As stabilized)
· Average household income of $115,565 (1-mile radius)
· Original elements such as specialty custom trim millwork, stained glass, gilded wallpapered ceilings & carved marble fireplaces
· Interchange of PA Route 309 & the Pennsylvania Turnpike is less than 1 mile
· Plans have been approved by The Preservation Alliance for Greater Philadelphia
· Surrounded by 104 higher-end townhomes & a 3-story, 250-unit senior housing development
· Multiple potential uses
How to Participate
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Download Brochure Click Here
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Review Due Diligence Click HereIncludes Bid Instructions, appraisal, architectural drawings, property videos, photos and more.
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Tour propertyBy appointment only. Please call 212.867.3333 or email buy@prusa.com to arrange a tour on:
· Wednesday, November 20
· Wednesday, December 11 -
BID YOUR PRICE, BID YOUR TERMS:
Bid now through the deadline on December 19 at 4pm EST, either on the seller’s preferred terms or on your terms. Bidding instructions and seller's preferred terms are included in the Due Diligence.
Subject to prior sale. Submit bid at any time. All bids are encouraged. Buyer’s Premium 6%. Subject to all terms provided by Paramount in Due Diligence and elsewhere.
Seller (a) will accept the highest bid at or above the Reserve (on terms set forth by Seller) and (b) has the right to accept a bid below the Reserve and/or a bid on your terms.
Broker participation invited.
