Plymouth Township Rejected 200 Apartments. Now There's a Gas Station. What That Tells Buyers
By Josh McKnight | The McKnight Team
A developer bought a property in Plymouth Township for $17 million in 2024, proposed up to 200 apartments, got turned down, and is now planning a 24-hour gas station and convenience store. If that sequence sounds like a missed opportunity, you are reading it the same way a lot of people in this market are. The story is really about what happens when housing supply gets blocked — and what that means for anyone trying to buy or sell in Plymouth Township right now.
What Happened at 625 W. Ridge Pike
According to the Philadelphia Business Journal, BET Investments purchased the Conshohocken Ridge Corporate Center at 625 W. Ridge Pike for $17 million in 2024 and initially proposed up to 200 apartments and retail space. Plymouth Township rejected the plan. BET then pivoted to a 24-hour, 6,500-square-foot convenience store with eight gas pumps. The township's planning agency voted 4-1 to recommend the new plan, which still requires a special exception and land development approval. BET president Michael Markman noted the company simply followed the township's direction to work within existing zoning.
Two hundred apartments would have added meaningful housing supply to a corridor that desperately needs it. A gas station adds none. This is not a criticism of the township's decision-making process — zoning determinations involve many legitimate competing interests. But the outcome is real: Plymouth Township real estate will have fewer housing options than it would have otherwise, and the buyers searching in this market will feel it.
According to Bright MLS data from March 2026, the median closed sale price in Plymouth Township over the past six months was $486,000, with homes spending a median of just 22 days on market. The average list-to-sale ratio was 98.89%. Homes here are not lingering. Every rejection of new housing supply tightens an already competitive market.
What This Means for You
For buyers in Plymouth Township, this story reinforces what you are already experiencing: inventory is limited, competition is real, and waiting for more options to appear is not a reliable strategy. New supply was just blocked. That means what is currently available becomes more valuable, not less.
For sellers, the same logic applies in your favor. A market where approved housing projects get replaced with a gas station is a market where your existing home carries more value. If you have been thinking about listing, the supply constraints in Plymouth Township work in your direction.
The McKnight Team serves Montgomery County buyers and sellers from Conshohocken to Lansdale and beyond. You can learn more about the communities we cover at TheMcKnightTeam.com.
Thinking about buying or selling in Plymouth Township or Montgomery County? Let's talk.
