Pealer's Flowers tract reduced to $2.2M in Hampden Township
The real estate at Trindle and Fallowfield roads in Hampden Township could look a lot different in the near future.
Of course, that depends on the buyer of 3720 and 3740 Trindle Road — a nearly 3.3-acre tract controlled by the owners of Pealer’s Flowers.
The rare listing along busy Trindle Road — given its frontage and property depth, location and established traffic light — was just reduced to $2.2 million from $2.45 million, said James Ross, associate broker and listing agent with NAI CIR.
“The real estate is worth more for an alternative use,” Ross said of the property, which Deborah and James Keys have owned for about 30 years.
Ross has had discussions with several possible buyers, but no agreements have been signed.
Located next to Mountz Jewelers and across the street from the West Shore YMCA, the site is being marketed to developers and end users as a redevelopment opportunity that could include a new retail building for Pealer’s. Land lease options are also on the table.
The Keys have crafted a concept they are calling Trindle Place, which calls for a mixed-use tract containing office, retail and banking or restaurant uses.
“They are not requiring the owner to put them in,” Ross said of Pealer’s, which could relocate its business.
Pealer’s is still a vibrant retail business, said Deborah Keys. But the nature of the flower business today — where products are primarily grown outside of the U.S. due to costs, variety and availability — doesn’t require as many greenhouses. Pealer’s is not utilizing many of the on-site structures, Keys said.
Ross estimates that about $300,000 to $500,000 would be needed to prepare the site for new structures. The property is in the township’s commercial-limited zone, which restricts uses such as drive-in restaurants, auto repair shops and fueling stations.
That could change as the township is currently discussing a mixed-use planning district that generally consists of parcels adjacent to Carlisle Pike, Trindle Road and Simpson Ferry Road. The goal is more flexibility on uses and other zoning factors that restrict development and redevelopment projects.
Any rezoning would affect properties only when new development or redevelopment occurs.