PA Track, The Grove, up for sale
By Anthony Caruso III | Publisher
Maple Grove Raceway is up for sale. The Mohnton, Pennsylvania track — just outside of Reading, Pa. — has been open since 1962.
The track was originally created to be a 1/5th-mile dragstrip in 1962. Two years later, it was made longer to its present quarter-mile length.
The track was placed up for sale on Tuesday, June 4th. The track can be yours for $8 million.
“Own one of the most recognizable names in the racing industry! Maple Grove Raceway is a dragstrip located near Mohnton, Pennsylvania, just outside Reading. It opened in 1962 as a 1/5-mile dragstrip,” the Coldwell Banker Ad said. “It was eventually lengthened to its current 4,075′ in 2009. The track has been sanctioned by the National Hot Rod Association for most of its existence. It has hosted an NHRA national event since 1985. In addition to the NHRA Nationals event, the track hosts Lucas Oil Series, NMRA Ford Motorsports Nationals, Sunoco ET Series and numerous other racing events each year. Maple Grove also hosts numerous car shows including Menards Chevy Show, VW June Bug, Mopar events and others.
“In addition to racing events, Maple Grove also hosts events such as the WIOV Fall Fest concert, the Rugged Maniac 5K event, swap meets, Lantern Fest and numerous other events. The location also includes 2 liquor licenses, campground facilities, expansive income-producing parking, several residential rentals, office/event buildings, numerous outbuilding, racing equipment, etc. Sale includes racing business and 14 parcels totaling approximately 450 acres.”
Besides the asking price of $8 million, the track had $31,673 in taxes, as of 2018, according to the ad. The tax with assessment is $831,700. The county tax is $6,368.
The price per sq. feet is $2,000. The school tax is $23,371, while the city/town tax is $1,934.