E. Kahn Development Co. will soon begin constructing a
180,000-square-foot building on Clover Mill Road in West Whiteland for the
company. Royal Paper now operates out of a 92,400-square-foot building at 99 N.
Caln Road in Coatesville.
Tom McMahon of Zommick McMahon Commercial Real Estate Inc.
has been retained to try to sell the Coatesville property. The building, which
sits on six acres, could be either a redevelopment opportunity or reused in its
current condition, he said. It is listed for $2.1 million.
If an investor is looking to launch a redevelopment or even
new construction, the property falls into a local economic revitalization tax
abatement, or LERTA, zone. That gives a developer breaks on taxes for
development projects or even major renovations. The property’s zoning would
allow multiple uses including how it is currently being used.
Source: Philadelphia
Business Journal
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