The Tudor Mansion, which houses the Cheltenham Music & Art School at 7425 Old York Road in Elkins Park, is on the market for $900,000.
According to the listing, the 13,830 sf office building is 100% leased. The property listed for $1,100,000 in 2023.
From the description:
Marcus & Millichap is pleased to exclusively present 7425 Old York Road in Elkins Park, PA, a rare investment opportunity featuring a 11,830-square-foot Tudor mansion and a 2,000-square-foot carriage house on a 2.25-acre lot. This historic property combines architectural elegance with modern functionality, making it ideal for office or medical office use. The mansion offers three floors of adaptable space, basement storage, and stunning details like custom wood molding, Tiffany stained glass
windows, and high ceilings, creating an inspiring and professional environment. Strategically located, the property enjoys exceptional connectivity with easy access to the Pennsylvania Turnpike (I-276), Route 309, and I-95, facilitating travel to downtown Philadelphia, King of Prussia, and other major markets in the Philadelphia MSA. Nearby SEPTA Regional Rail Lines provide direct routes to Center City Philadelphia, ensuring convenience for commuters and clients. In addition to its current configuration, the property’s flexible R1 zoning allows for redevelopment into luxury multi-family housing or mixed-use spaces. This
adaptability offers investors significant opportunities to maximize value and meet market demand.
Located in affluent Montgomery County, the property benefits from a robust demographic profile, including a population of over 850,000 residents and a median household income of $100,000. Proximity to major employment hubs such as Abington Hospital–Jefferson Health and King of Prussia enhances its appeal to both residential and commercial tenants. 7425 Old York Road is a trophy asset with historic charm, functional versatility, and prime location. Whether utilized for office or medical purposes or reimagined for redevelopment, this property is poised to deliver enduring value.
More details in the flyer below:
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