1 Philadelphia AveBoyertown, PA 19512

Property Details for 1 Philadelphia Ave

Year built

1880

Lot size

0.14 AC

Property size (Sq ft)

19,528 SF

Property type

Retail space

APN

5387-20-81-9417

APU

538720819417

Description

This exceptional office space, totaling 3,614 square feet, is located on the third floor of a four-story building at 1 W. Philadelphia Ave., Boyertown, PA 19512. Situated in the heart of Boyertown's business district, this executive/traditional office space offers convenient access to Route 100. The building, constructed in 1910 and renovated in 1976, features a Class B designation and boasts a total of 25,792 square feet. This specific space includes finished offices and an open bullpen area, accessible by elevator and equipped with in-suite restrooms. On-site parking is available for tenants, with 13 spaces plus a shared lot. The building is zoned Central Commerce (C-1) and sits on a 0.35-acre lot in Berks County. The property is currently multi-tenant, with Truist Bank occupying a significant portion of the building. This presents a unique opportunity for a business seeking a prominent location in a well-established building with convenient amenities and ample parking. The building's configuration allows for multi-tenant occupancy, making it suitable for a variety of business needs. The entire building is also available for sale.

• CAP approach

  CAP return

  Valuation

  6%

  $7,921,035

  6.5%

  $7,311,724

  7%

  $6,789,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,751,228

  Geo Method

  $6,429,852

• Alternative Use

  Use

  Valuation

  Residential

  $6,167,714

  Hospitality

  $5,649,592

  Educational

  $4,700,394

  Medical

  $4,862,048

  Retail

  $7,311,724

Location Insight

City

Boyertown

County

Berks

State

Pennsylvania

Latitude

40.3338

Longitude

-75.637

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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