Riverfront land near Penn Treaty Park to be auctioned

Riverfront land near Penn Treaty Park to be auctioned

PennTreatyPark

A 1.5-acre property on the Delaware River waterfront just southwest of Penn Treaty Park is to be auctioned for at least $3.6 million, according to Harleysville-based auctioneer Tranzon Alderfer, which is handling the sale.

Bids on the property at 1143 N. Delaware Ave., which is zoned for community-serving mixed-use development, are due on May 11, Tranzon Alderfer president Sandy Alderfer said Friday.

The land is being sold by banking giant BB&T Corp., which inherited the property through its just-completed acquisition of Allentown-based National Penn Bank, Alderfer said.

Planners of a riverfront biking and walking path previously secured an easement through the property to accommodate the project.

jadelman@phillynews.com
http://www.philly.com/philly/business/real_estate/commercial/20160423_Riverfront_land_near_Penn_Treaty_Park_to_be_auctioned.html#tqe5PsX2Ll9T1IfC.99

 

Save