15080 Kutztown RdKutztown, PA 19530

Property Details for 15080 Kutztown Rd

Year built

2018

Lot size

2.90 AC

Property size (Sq ft)

33,632 SF

Property type

Hospitality properties

Property subtype

Motels

APN

5443-14-42-5528

APU

544314425528

Description

This exceptional 6-acre commercial lot presents a prime investment opportunity in Kutztown, Pennsylvania. Located at the corner of Kutztown Road and Sharadin Road in Maxatawny Township (Tax ID No: 63-5443-18-41-3824), this property boasts 518 feet of frontage on Kutztown Road, experiencing high daily traffic volume exceeding 7,000 vehicles, further amplified by seasonal Kutztown University traffic. Its strategic location offers unparalleled visibility and accessibility, situated directly across from the Hampton Inn & Suites and only a tenth of a mile from the Giant Shopping Center, and four-tenths of a mile from Kutztown University. The property is zoned C-1 Commercial, ensuring diverse development possibilities. Utilities including natural gas, electricity, public water, and public sewer are readily available. The potential for a future traffic signal further enhances its appeal. A planned 59.44-acre residential development across Kutztown Road and near College Boulevard adds to the long-term growth potential. The asking price is $1,995,000, reflecting a land value of $332,500 per acre. An optional additional 2 acres are available at the same price per acre, contingent upon re-zoning from light industrial to C-1 Commercial. This property offers significant potential for substantial return on investment. The current owner is East Penn Manufacturing Co.

• CAP approach

  CAP return

  Valuation

  6%

  $10,540,814

  6.5%

  $9,729,982

  7%

  $9,034,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,842,889

  Geo Method

  $10,326,739

• Alternative Use

  Use

  Valuation

  Residential

  $10,622,313

  Hospitality

  $9,729,982

  Educational

  $8,095,231

  Medical

  $8,373,638

  Retail

  $12,592,581

Location Insight

City

Kutztown

County

Berks

State

Pennsylvania

Latitude

40.5044

Longitude

-75.7913

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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