Defunct Phoenixville Water Park To Be Auctioned
In the heat of summer, most families grab tickets and line up at the gates of their local water park. In a few short weeks, individuals will sit in chairs and hold up placards for a chance to purchase an entire water park.
Max Spann, the same firm that is holding land auctions for several closed Philadelphia schools, is holding public bidding on the property formerly known as Water World Park— 655 Schuylkill Road (Rt. 724) — on July 29th at 11 am, the Reporter Online reported Friday. The firm held property previews on Monday, July 6th and Monday, July 13th for any prospective buyers interested in the land.
The lot covers around 22 acres with frontage on Schuylkill Road. Its location is not far from Valley Forge, US Route 422 and King of Prussia and the site has gas and electricity. It is also coded for mixed-use zoning, meaning that a potential developer could add offices, restaurants, banks and stores, among other possible spaces.
After Water World Park closed its doors in 2012, the lot was originally and briefly considered as an option for an early learning center in the Phoenixville School District, but that plan was taken off the table, the Reporter Online said.
“The property is perfect for commercial or residential redevelopment,” Bob Dann, Max Spann’s executive vice president & chief operations officer, said in a press release issued by the company.
Dann also told Property that, as of the site previews, there are about a dozen people interested in the property, though he said it would be great if there were more at the auction. He does not yet know how many people will show up for bidding on July 29th.
Potential bidders, Dann said, must show up to the auction with a certified $25,000 check to confirm they are seriously interested in the property. There is no minimum reserve for the auction, and Dann could not comment on how much this property could ultimately go for, or for how much similar properties have gone for in the past.
As for what those 22-plus acres will likely become? Dann said the area is likely to become a mixed-use commercial and residential area, with stores and possible apartments.
- Water World Park near Phoenixville up for auction [Reporter Online]
- 655 Schuylkill Rd, Phoenixville PA 19460 [Max Spann]
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