305 Park RdWyomissing, PA 19610

Property Details for 305 Park Rd

Year built

1993

Construction

FRAME

Lot size

2.45 AC

Property size (Sq ft)

6,380 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5307-17-01-3386

APU

530717013386

Description

This exceptional 1.2-acre commercial lot, located at 305 N. Park Road in Wyomissing, Pennsylvania (zip code 19610), presents a unique investment opportunity. Zoned C-2 Retail Commercial within Berks County, this single-tenant property offers significant potential for development. The site is improved and ready for immediate construction, making it ideal for build-to-suit projects or ground lease arrangements. With its convenient location and high visibility, this property is perfectly positioned to capitalize on the thriving retail market in Wyomissing. The lot size is 1.2 acres, providing ample space for a variety of commercial developments. This is a rare opportunity to acquire a prime piece of commercial real estate in a desirable location. The property's C-2 zoning allows for a wide range of retail uses, ensuring flexibility for potential developers. Serious inquiries are encouraged to explore the possibilities of this exceptional land parcel. The property's latitude and longitude coordinates are 40.3408189 and -75.9566204 respectively. This is a single-tenant property, offering a streamlined approach to development and management. Don't miss this chance to secure a valuable asset in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,447,587

  6.5%

  $1,336,234

  7%

  $1,240,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,232,823

  Geo Method

  $2,100,699

• Alternative Use

  Use

  Valuation

  Residential

  $1,127,163

  Hospitality

  $1,032,476

  Educational

  $859,008

  Medical

  $888,550

  Retail

  $1,336,234

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3406

Longitude

-75.9566

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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