Properties ripe for creative, adaptive reuse, with opportunity to benefit from significant State & Federal Historic Tax Credits (and other economic incentives)

Washington, DC – Global commercial real estate advisor, Avison Young, is now accepting offers for two distinctive, historic resort opportunities in the mid-Atlantic region:

1. Greystone Hall in W. Chester, PA. Offer date: July 31^st Listing price: $8M
2. Inn & Tavern at Meander in Locust Dale, VA. Offer date: August 8^th Listing price: $3.5M

Greystone Hall

Set on 44+ acres with exquisite English Renaissance architecture and formal terraced gardens, Greystone Hall in W. Chester, PA provides an unparalleled venue for executive conferences, weddings, private events, local community access, and more.

“The property’s illustrious history will allow new owners to not only leverage its storied past in attracting high-profile customers to its strategic locations outside a major metropolitan mid-Atlantic market, but to also attract significant state and federal financial incentives to make redevelopment more cost efficient,” said Thierry Roch, Senior Hospitality Broker, Avison Young.

The property sits adjacent to a new upscale 588-home community whose residents have indicated proactive support for a small-scale resort at the site. 

“We have been overwhelmed with support from the West Goshen Township and the surrounding community, each of whom would like the see this property open for business immediately. This is uncommon in today’s world of NIMBY-ism,” added Roch. “Attendees of community socials held onsite have asked if club memberships could be purchased in advance to access future resort amenities as none exist in the community today – further solidifying the neighborhood’s acceptance for a resort that would stimulate the local economy and social scene.”

Property Highlights

• Completed in 1907 and meticulously maintained per its active use as a residence.
• ±45,000 sf in three historic buildings (Mansion, Carriage House, Garage).
• Township approved revised zoning ordinance allows up to an 80 key resort use.
• Adjacent to major cultural and educational attractions including Nemours Mansion, Longwood Gardens, Hagley Museum, and West Chester University.
• Within a 125-mile radius of 38 million people including NYC, Philadelphia, Baltimore, and Washington, D.C.
• C-PACE financing + State and Federal historic tax credits available.
• Full development analysis provided for 38, 60 and 80 key resort options.

Inn & Tavern at Meander

This 12-room inn in Locust Dale, VA is steeped in history, founded in 1766 by Col. Joshua Fry, who named it Meander because of the curve in the Robinson River running through it.

A member of the House of Burgesses and professor at William and Mary, Col. Fry also served as the commander of the Virginia militia. He and his partner Peter Jefferson, father of Thomas Jefferson, surveyed and drew the first official map of the area known as Virginia. Col. Fry commanded the Virginia Militia at the start of the French and Indian War, with George Washington as his second in command.

“This is exactly the kind of property so many adaptive reuse developers are seeking, a short drive outside the major metropolitan area”, said Roch.  “Not only is its’ Revolutionary War history impressive, but it is surrounded by the Presidential homes of Thomas Jefferson and James Madison, award winning Virginia wineries, and major universities. Hotel guests would enjoy outdoor activities such as river rafting, hiking, and exploring Skyline Drive on the Blue Ridge Parkway. With ample room for expansion, this is a sure-fire winner.”

The Inn & Tavern at Meander is located 90 minutes from Washington D.C. in the scenic foothills of the Shenandoah Mountains and includes 77 acres of stunning landscapes, gardens, trails, and access to the Robinson River. It is eligible for State and Federal Historic Tax Credits, plus other economic incentives.