1150 Berkshire BlvdWyomissing, PA 19610

Property Details for 1150 Berkshire Blvd

Year built

1987

Lot size

2.09 AC

Property size (Sq ft)

29,310 SF

Property type

Office buildings

APN

4397-18-42-3438

APU

439718423438

Description

This exceptional Class A medical office building, located at 1150 Berkshire Blvd in Wyomissing, Pennsylvania (zip code 19610), offers multiple suites for lease. The building, constructed in 1987, boasts a total of 26,707 square feet situated on a 2.08-acre lot. Currently, there are 3,152 square feet of vacant space available, divisible into units ranging from a minimum of 1,204 square feet to a maximum contiguous space of 1,948 square feet. The building features a total of two suites. Ample parking is provided, with a ratio of 4.42 spaces per 1,000 square feet. The property is zoned C-2, Retail Commercial District, and its APN is 96-4397-18-42-3438. This prime location in Berks County offers easy access to major roadways and amenities. The building is well-maintained and caters to a variety of medical and professional tenants. The lease includes full-service amenities, such as janitorial services and CAM. This is an excellent opportunity for medical professionals seeking a prestigious and convenient location to establish or expand their practice. Interested parties should inquire about available suite sizes and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $4,523,998

  6.5%

  $4,175,998

  7%

  $3,877,713

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,247,477

  Geo Method

  $3,829,644

• Alternative Use

  Use

  Valuation

  Residential

  $5,178,238

  Hospitality

  $4,743,238

  Educational

  $3,946,319

  Medical

  $4,082,039

  Retail

  $6,138,718

Location Insight

City

Wyomissing

County

Berks

State

Pennsylvania

Latitude

40.3424

Longitude

-75.9761

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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