2 Penn AveWernersville, PA 19565

Property Details for 2 Penn Ave

Year built

1926

Lot size

1.66 AC

Property size (Sq ft)

3,412 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

4366-11-57-7029

APU

436611577029

Description

This exceptional commercial property in Wernersville, Pennsylvania, presents a unique investment opportunity. The offering encompasses a prime 1.66-acre lot in the Town Center zoning district, boasting 314 feet of frontage on heavily trafficked US Route 422 (over 16,000 vehicles daily). Two traffic signals and two side entrances (off Werner Street and Stitzer Avenue) provide excellent accessibility. The property's zoning permits a mixed-use development, including restaurants, offices, retail spaces, and residential apartments, subject to a 20-foot front yard setback along Penn Avenue. The site offers outstanding signage opportunities and excellent drive-thru potential. In addition to the land, the sale includes a 25,000 square foot existing building situated directly across Werner Street on an additional 0.74 acres. This building features a former auto showroom, offices, and service garages. The property is located at 2 and 60/74/78 East Penn Avenue, Wernersville, PA 19565 (Tax ID Nos. 90-4366-11-57-7029, 90-4366-11-57-9170, 90-4366-11-67-0038, & 90-4366-11-67-1007). The asking price for this entire property is $3,000,000. This is a truly exceptional location in Wernersville.

• CAP approach

  CAP return

  Valuation

  6%

  $774,164

  6.5%

  $714,613

  7%

  $663,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $659,309

  Geo Method

  $1,123,446

• Alternative Use

  Use

  Valuation

  Residential

  $602,803

  Hospitality

  $552,164

  Educational

  $459,394

  Medical

  $475,193

  Retail

  $714,613

Location Insight

City

Wernersville

County

Berks

State

Pennsylvania

Latitude

40.3291

Longitude

-76.0791

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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