6 Hearthstone CtReading, PA 19606

Property Details for 6 Hearthstone Ct

Year built

1991

Lot size

1.89 AC

Property size (Sq ft)

17,600 SF

Property type

Office properties

Property subtype

Office buildings

APN

5326-18-30-2552

APU

532618302552

Description

This exceptional Class B medical office building, located at 6 Hearthstone Ct, Reading, PA 19606, offers 26,400 square feet of versatile space. Currently, there are three suites available, ranging from 1,970 to 2,818 contiguous square feet, with a total of 11,460 square feet currently vacant. Built in 1991, the building features a desirable 9-foot ceiling height and ample parking with 124 spaces. Convenient access is provided by one passenger elevator. The property boasts a prime location in Exeter Township and is undergoing significant improvements under new ownership. Planned renovations include upgrades to common areas, the parking lot, and the building's exterior, promising a refreshed and modern environment. This presents a unique opportunity for medical or professional practices seeking high-quality office space in a thriving location. The minimum divisible space is 1,970 square feet, making it ideal for a variety of tenant needs. This building is a must-see for businesses seeking a well-maintained and updated space in a convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,716,560

  6.5%

  $2,507,594

  7%

  $2,328,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,349,560

  Geo Method

  $2,299,616

• Alternative Use

  Use

  Valuation

  Residential

  $3,109,416

  Hospitality

  $2,848,209

  Educational

  $2,369,676

  Medical

  $2,451,173

  Retail

  $3,686,163

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3078

Longitude

-75.8734

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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