The giant three-story historic brick building abutting the train tracks at 501 North Cannon Avenue that housed Abram Cox Stove Works nearly a century ago has been eyed for conversion into at least 24 apartments. Come March, Lansdale Borough Code Committee could vote on preliminary and final land development approval, according to The Reporter.
Borough Director of Community Development Jason Van Dame told the Code Enforcement and Land Development Committee last week that the developer needed to resolve issues and a “resolution is at hand.”
Council first heard of the conversion plan from developer Situs Properties Inc in April 2021. The industrial zoned property, located across the street from Cannoneers Club at Fifth Street, is 18,126 square feet, which includes 3,000 square feet of office space. There is a 4,312-square-foot detached garage, a loading dock, and a drive-in loading area, and an elevator. The property has been owned by Ched Leasing LLP since June 2011, when it purchased it for $1 from Margaret Vartan, according to Montgomery County property records. Prior owners include Joseph Mattero, Lansdale Boro IDA, and John Terzian. Terzian bought it for $105,000 from the IDA in 2002 and sold it to Vartan in May 2009 for $1,477, per land records.
At present, there is no property listing for 501 North Cannon Avenue on Situs Properties’ website. Situs Properties handles commercial real estate services for three other Lansdale Borough properties: 307 Derstine Ave., 115 Linden St., and 410 W. Main St.
Abram Cox Stove Works was the place to work in Lansdale in the late 1800s and early 1900s. It manufactured novelty stoves and suffered major damage in a 1944 fire that blacked out much of Lansdale.
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