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 properties

Property subtype

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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