1011 Park RdWyomissing, PA 19610

Property Details for 1011 Park Rd

Year built

1961

Lot size

2.20 AC

Property size (Sq ft)

15,744 SF

Property type

Office properties

Property subtype

Office buildings

APN

4397-16-94-0876

APU

439716940876

Description

This exceptional 17,725-square-foot office and flex space facility, situated at 1011 N. Park Road in Wyomissing, Pennsylvania, presents a unique opportunity for businesses seeking a prominent location. Built in 1961 and extensively renovated in 2048, this single-story building boasts high-end interior finishes and updated infrastructure, offering a potential "plug-and-play" solution for a company seeking new headquarters. The property sits on a 2.2-acre lot and features 5,590 square feet of currently vacant space, ideal for immediate occupancy. The building includes 65 total parking spaces, catering to employee and client needs. Its strategic location within the commercial core of Berks County provides superb access to major roadways, ensuring convenient commutes and efficient logistics. The C-2 Retail Commercial zoning allows for a variety of uses, making this property highly versatile. The property's APN is 96-4397-16-94-0876. This is a single-tenant building, offering a unique opportunity for a company to establish a strong presence in a thriving Berks County market. Both lease and sale opportunities are available. This trophy asset offers a blend of modern amenities and a prime location, making it an attractive investment or lease opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,430,086

  6.5%

  $2,243,157

  7%

  $2,082,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,207,242

  Geo Method

  $2,057,111

• Alternative Use

  Use

  Valuation

  Residential

  $2,781,514

  Hospitality

  $2,547,852

  Educational

  $2,119,783

  Medical

  $2,192,686

  Retail

  $3,297,440

Location Insight

City

Wyomissing

County

Berks

State

Pennsylvania

Latitude

40.3486

Longitude

-75.959

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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