I've just purchased an older home that has 1/2" galvanized water line coming
through the foundation in the basement. It sticks in there about 14" before
it elbows up. It has no main service valve. It is not physically feasible
to cut this pipe back and re-thread it due to space limitations. My
question is this. Is there such a thing as some sort of compression fitting
that will work on 1/2" galv pipe? Or any other solution?

thanks,
--
Steve Barker