150 5Th StWyomissing, PA 19610

Property Details for 150 5Th St

Year built

1926

Lot size

0.09 AC

Property size (Sq ft)

20,416 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5307-75-71-7340

APU

530775717340

Description

This exceptional 11,748 square foot executive office building, located at 150 N 5th St in Reading, Pennsylvania, presents a compelling opportunity for both owner-users and investors. Built in 1926, this Class C property boasts a prime location within the city's central business district, offering significant value-added potential. The building's substantial size allows for diverse uses, making it ideal for a business seeking a prominent downtown presence or an investor looking to capitalize on its redevelopment potential. The asking price is $550,000. Situated in Berks County, with a 19610 zip code, this property offers easy access to major transportation routes and amenities. The address is conveniently located at 150 N 5th St, Reading, PA. This is a rare opportunity to acquire a substantial office space in a thriving urban core, offering flexibility for either retail or office use. The property's central location and considerable square footage make it an attractive proposition for those seeking a significant presence in Reading's downtown area. The building's age presents opportunities for creative renovation and modernization, aligning with current market demands. This is a unique chance to own a piece of Reading's history while shaping its future.

• CAP approach

  CAP return

  Valuation

  6%

  $4,632,278

  6.5%

  $4,275,949

  7%

  $3,970,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,945,033

  Geo Method

  $6,722,238

• Alternative Use

  Use

  Valuation

  Residential

  $3,606,923

  Hospitality

  $3,303,922

  Educational

  $2,748,824

  Medical

  $2,843,361

  Retail

  $4,275,949

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3383

Longitude

-75.9282

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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