3100 Kutztown RdReading, PA 19605

Property Details for 3100 Kutztown Rd

Year built

1975

Lot size

0.16 AC

Property size (Sq ft)

5,889 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5308-12-97-5483

APU

530812975483

Description

This exceptional commercial property, situated at 3100 Kutztown Road in Reading, Pennsylvania, presents a compelling investment opportunity. The building encompasses 3,395 square feet and sits on a 0.16-acre lot within Muhlenberg Township's C-1 Commercial District. Its strategic location at a traffic-controlled intersection ensures high visibility and accessibility. The property features a two-unit configuration. The ground floor, previously occupied by an accounting firm, offers significant potential for a variety of commercial uses. The upper level comprises a modern, three-bedroom, one-bathroom apartment, recently renovated (within the last three years), complete with a living room, kitchen, and its own independent heating system. The apartment adds a valuable rental income stream to the property. Convenient amenities include a one-car garage and approximately five additional parking spaces. Individual gas and electric meters are installed for each unit, with water and sewer costs passed through to tenants. This property is ideal for business expansion or rental income generation, offering a blend of commercial and residential potential in a desirable location. The property's size, location, and dual-unit structure make it a highly attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,127,119

  6.5%

  $1,040,418

  7%

  $966,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $699,927

  Geo Method

  $1,192,658

• Alternative Use

  Use

  Valuation

  Residential

  $1,040,418

  Hospitality

  $953,017

  Educational

  $792,899

  Medical

  $820,168

  Retail

  $1,233,398

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3825

Longitude

-75.9204

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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