220 Park RdWyomissing, PA 19610

Property Details for 220 Park Rd

Year built

1930

Lot size

9.16 AC

Property size (Sq ft)

6,318 SF

Property type

Office buildings

APN

4397-20-91-3549

APU

439720913549

Description

This exceptional 55,080-square-foot industrial warehouse, situated in Berks County, presents a significant opportunity. The single-tenant property boasts 12,240 square feet of immediately available space, perfect for expansion or a new tenant. The building features a single story with impressive 17.5-foot ceiling heights, providing ample vertical storage capacity. Three loading docks ensure efficient and streamlined operations. Internal amenities include a convenient pantry, restroom facilities, a designated break area, and two private offices, enhancing employee comfort and productivity. The property is strategically located on N Park Road, intersecting with Penn Ave, offering easy access to major transportation arteries like Routes 422 and 222. This prime location benefits from excellent visibility and proximity to established businesses, including Wawa, McDonald's, Teleflex, UGI, Willoughby's, Drexel University College of Medicine, Holiday Inn Express, and Courtyard by Marriott. The property is zoned I-2, allowing for a variety of industrial uses. This warehouse offers a blend of functionality, convenience, and a desirable location, making it an ideal investment or operational space.

• CAP approach

  CAP return

  Valuation

  6%

  $975,183

  6.5%

  $900,169

  7%

  $835,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $484,461

  Geo Method

  $825,510

• Alternative Use

  Use

  Valuation

  Residential

  $1,116,210

  Hospitality

  $1,022,442

  Educational

  $850,660

  Medical

  $879,915

  Retail

  $1,323,249

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3396

Longitude

-75.9586

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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