420 Park RdWyomissing, PA 19610

Property Details for 420 Park Rd

Year built

1965

Lot size

0.62 AC

Property size (Sq ft)

13,104 SF

Property type

Office properties

Property subtype

Office buildings

APN

4397-20-92-4411

APU

439720924411

Description

This exceptional office building at 420 Park Road in Wyomissing, Pennsylvania, offers multiple tenancy options in a traditional-style building. Located in Berks County, this Class B property, built in 1965, sits on a 0.62-acre lot and provides ample parking with 42 spaces. While the total building square footage is not currently specified, individual suites ranging from a minimum of 1,680 square feet to a maximum contiguous space of 2,565 square feet are available. The building does not feature elevators. This presents a fantastic opportunity for businesses seeking flexible and conveniently located office space in a desirable Wyomissing location. The address is 420 Park Rd, Wyomissing, PA 19610. The property is ideal for companies needing space ranging from approximately 875 to 2,565 square feet. The convenient location and ample parking make this an attractive option for employees and clients alike. Interested parties should inquire about available suite sizes and lease terms. This is a rare opportunity to secure office space in a well-established area of Berks County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,022,602

  6.5%

  $1,867,018

  7%

  $1,733,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,004,809

  Geo Method

  $1,712,169

• Alternative Use

  Use

  Valuation

  Residential

  $2,315,102

  Hospitality

  $2,120,621

  Educational

  $1,764,332

  Medical

  $1,825,010

  Retail

  $2,744,516

Location Insight

City

Wyomissing

County

Berks

State

Pennsylvania

Latitude

40.3418

Longitude

-75.958

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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