360 Midway RdBethel, PA 19507

Property Details for 360 Midway Rd

Year built

1975

Construction

FRAME

Lot size

2.38 AC

Property size (Sq ft)

3,365 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4412-00-84-2310

APU

441200842310

Description

This exceptional 3,365-square-foot retail property, classified as Class B, is situated on a generous 2.38-acre lot at 360 Midway Road in Bethel, Pennsylvania (zip code 19507). The single-story building offers a single-tenant occupancy and is ideally suited for a restaurant operation. Its strategic location directly off Route 78's Midway Road exit provides exceptional visibility and accessibility for customers. The property's zoning designation as "Retail" allows for a variety of uses, including but not limited to retail establishments, restaurants, drive-thrus, fast food restaurants, and hotels. The ample land area presents significant development potential. The Berks County location offers a strong market for commercial ventures. This property presents a unique opportunity for businesses seeking a high-traffic location with versatile zoning options. The building consists of one structure with a total of 3,365 square feet of vacant space, ready for immediate occupancy. This is a single-tenant property.

• CAP approach

  CAP return

  Valuation

  6%

  $763,500

  6.5%

  $704,769

  7%

  $654,429

• Comparable approach

  Method

  Valuation

  Relative Method

  $650,227

  Geo Method

  $1,107,971

• Alternative Use

  Use

  Valuation

  Residential

  $594,499

  Hospitality

  $544,558

  Educational

  $453,066

  Medical

  $468,648

  Retail

  $704,769

Location Insight

City

Bethel

County

Berks

State

Pennsylvania

Latitude

40.489

Longitude

-76.2467

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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