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$2+ Million Deals Top Township Property Sales

LOWER POTTSGROVE PA – Two real estate transactions in Lower Pottsgrove, each valued at more than $2 million, were among a total of 39 properties sold in the township during a 37-day period between Sept. 5 and Oct. 12 (2017), according to Montgomery County property records.

Most of the 39, selling roughly at the rate of one per day, involved personal residences. They ranged in price from a bargain low of $44,000 for a Walnut Ridge Estates town home, to an invitingly landscaped brick ranch on Briar Lane that fetched a handsome $518,750, the county database shows.

The most expensive parcels, however, were those geared to business.

The former Pottstown Imaging and Cancer Treatment Center at 1611 Medical Dr., previously affiliated with Pottstown Memorial Medical Center, sold Sept. 27 for $2,001,552 to Pottstown Hospital LLC, a limited liability corporation that is part of Tower Health in Reading PA.

Tower purchased the medical center in a five-hospital, $418 million acquisition deal with Tennessee-based Community Health Systems, and officially assumed its operations Oct. 1. The scanning center, a medical office building of about 11,500 square feet, built in 1985, sits on 1.4 acres at the northeast end of Medical Drive.

The other multi-million dollar transaction was slightly larger, and occurred only two days earlier. The mulit-tenant building at 1494 N. Charlotte St., which houses Shorty’s Sunflower Cafe and several other businesses, sold Sept. 25 for $2,050,000 to a West Chester PA company called 1494 Properties LLC.

The building of about 31,000 square feet, built in 1963, is located on 2.63 acres near the corner of North Charlotte Street and Kauffman Road. The price paid by its new owner represents the highest-valued real estate deal in Lower Pottsgrove this year, the county indicated.

No real estate sales are displayed in county property records for the period between Oct. 13 and Monday (Nov. 27). The county reported its last records database update occurred Nov. 19 (Sunday).

Photo from Google Images

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