45 Constitution BlvdKutztown, PA 19530

Property Details for 45 Constitution Blvd

Year built

1966

Lot size

4.06 AC

Property size (Sq ft)

28,280 SF

Property type

Retail space

APN

5443-12-87-9425

APU

544312879425

Description

Kutztown Village offers a unique opportunity for retailers seeking a prominent location in a thriving market. This 39,612 square foot retail shopping center is strategically situated off Constitution Boulevard in Kutztown, Pennsylvania, boasting excellent visibility and accessibility. The property enjoys a prime location near the main residential area within the rapidly expanding Kutztown market, benefiting from its proximity to Route 222, a major thoroughfare with a daily traffic count of 21,000 vehicles. Its less-than-one-mile distance from Kutztown University provides a significant advantage, tapping into a substantial student and faculty population. Currently, one retail space of 5,000 square feet is available, presenting a rare chance to establish a presence in a highly sought-after retail corridor with limited vacancies. The property sits on a 4.6-acre lot, offering ample space and potential for expansion or outdoor amenities. This free-standing, multi-tenant strip center provides a strong foundation for business growth within a dynamic and expanding community. The combination of high traffic counts, proximity to a major university, and limited available space makes Kutztown Village an exceptional investment opportunity for discerning retailers. Don't miss this chance to secure a prime retail location in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $11,471,061

  6.5%

  $10,588,671

  7%

  $9,832,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,776,973

  Geo Method

  $9,311,563

• Alternative Use

  Use

  Valuation

  Residential

  $8,931,941

  Hospitality

  $8,181,610

  Educational

  $6,807,003

  Medical

  $7,041,106

  Retail

  $10,588,671

Location Insight

City

Kutztown

County

Berks

State

Pennsylvania

Latitude

40.5174

Longitude

-75.7752

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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