1320 Broadcasting RdReading, PA 19610

Property Details for 1320 Broadcasting Rd

Year built

2002

Lot size

4.67 AC

Property size (Sq ft)

1,785 SF

Property type

Office properties

Property subtype

Office buildings

APN

4397-09-16-9081

APU

439709169081

Description

This exceptional two-story medical office building, situated on a generous 4.67 acres at 1320 Broadcasting Road, Reading, offers a prime opportunity for medical professionals. The Class B building, constructed in 2002, boasts a total of 20,987 square feet, with flexible space options available. Currently, there are 1,187 square feet of vacant space, divisible into units as small as 243 square feet and up to a contiguous 943 square feet, perfect for a variety of medical practices. The building's location in the Reading submarket of Berks County, conveniently near Paper Mill Road, ensures high visibility and accessibility for patients. The property is zoned COM, providing versatility for potential tenants. The single building features multiple tenancies, creating a vibrant and collaborative environment. This is an excellent opportunity to establish or expand your medical practice in a well-maintained and strategically located building. The property offers a blend of convenience, accessibility, and ample space to accommodate diverse medical needs. With its flexible floor plans and desirable location, this medical office building presents a compelling investment opportunity. The building's size and layout provide a unique opportunity for growth and expansion within the thriving Berks County medical community.

• CAP approach

  CAP return

  Valuation

  6%

  $275,515

  6.5%

  $254,321

  7%

  $236,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $136,873

  Geo Method

  $233,228

• Alternative Use

  Use

  Valuation

  Residential

  $315,358

  Hospitality

  $288,867

  Educational

  $240,334

  Medical

  $248,599

  Retail

  $373,852

Location Insight

City

Wyomissing

County

Berks

State

Pennsylvania

Latitude

40.3521

Longitude

-75.9844

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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