346 Main StOley, PA 19547

Property Details for 346 Main St

Year built

1850

Lot size

0.34 AC

Property size (Sq ft)

8,592 SF

Property type

Investment properties

Property subtype

Live-work space

APN

5349-19-50-3420

APU

534919503420

Description

This exceptional commercial property, located at 346 E Main Street in Oley, Pennsylvania, presents a fantastic opportunity for a variety of businesses. Previously utilized as a doctor's office, this 0.34-acre property offers a first-floor space ideal for medical practices, satellite offices, or general business operations. The building features a welcoming main street entrance leading to a common area with a reception desk. The office space itself comprises five separate rooms beyond the reception area: four exam rooms (easily adaptable as offices) and a private office. All rooms boast soundproof walls and ceilings, ensuring privacy and quiet work environments. A handicap-accessible restroom is conveniently located down the hall. Ample parking is provided with a newly paved lot accommodating 18 vehicles, including a designated handicap parking space. The property is in excellent condition and ready for immediate occupancy. An additional 600 square feet of basement space is available for lease and can be negotiated separately. This prime location in the beautiful Oley Valley offers a blend of convenience and accessibility, making it an attractive option for businesses seeking a well-maintained and functional space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,688,410

  6.5%

  $2,481,610

  7%

  $2,304,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,202,320

  Geo Method

  $1,145,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,799,720

  Retail / Commercial

  $2,477,580

  Hospitality / Lodging

  $1,837,420

  Office

  $2,480,260

  Institutional / Educational

  $2,584,470

  Residential Income

  $3,023,830

  Multifamily

  $3,555,340

  Automotive / Energy

  $2,215,260

  Parking / Income-Based Land

  $751,757

  Restaurant / Food Service

  $1,318,140

  Healthcare / Senior Housing

  $2,531,660

Location Insight

City

Oley

County

Berks

State

Pennsylvania

Latitude

40.3886

Longitude

-75.7918

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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