The historic Hill Farm property in Lebanon County, north of Lebanon Valley College, was purchased in June for $2 million by an LLC associated with Schuylkill County entrepreneur and inventor Millard F. Wallace.
The 23.8-acre property in North Annville Township was previously home to Hill Farm Estate Senior Living. The property was built in 1919 by Aaron S. Kreider, a former U.S. Congressman and LVC graduate.
The property was listed for $2.5 million in May 2023.
Read more: 23.8 acre Hill Farm property in North Annville Twp. for sale for $2.5 million
The property is zoned R-2 medium density residential by the Town of North Annville, which includes single- and two-family homes, nursing homes and senior living complexes, and shared housing.
As LebTown previously reported, while the house could certainly be used as a single-family home—possibly for a particularly large family with 46 furnished single bedrooms—it would be best suited as a nursing home of sorts, according to a 2023 interview with Coldwell Banker agent Nicholas Devitz.
Or could the complex perhaps serve as a kind of Lebanon County version of Menlo Park?
Wallace is an inventor and entrepreneur who focuses on containers and trays. Patents bearing his name include “Simultaneous manufacture of nested, separable thermoformed articles,” “Molded articles with peelable, perforated surfaces and their use for separating particulate materials, such as in pet litter boxes,” and “Liquid-binding container with peelable, separable layers.”
He previously received the 2021 Entrepreneur of the Year award from the Schuylkill County Chamber of Commerce for his work at Clearly Clean. In March 2023, the Orwigsburg-based company was acquired by private equity firm Insight Equity Holdings LLC. Terms of the transaction were not disclosed.
Wallace, contacted through his attorney, did not respond to LebTown’s request for comment.
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