904 Penn AveWyomissing, PA 19610

Property Details for 904 Penn Ave

Year built

1920

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

5,323 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

4397-20-90-9084

APU

439720909084

Description

This exceptional two-story medical office building, located at 904 Penn Ave in Wyomissing, Pennsylvania, presents a unique leasing opportunity. The property, boasting 3,500 total square feet, is classified as a Class B building and was constructed in 1920. Currently, there is 1,250 square feet of office space immediately available for lease, ideal for a variety of medical practices. The building sits on a 0.11-acre lot and is zoned C1, offering convenient access and ample parking with 5 spaces available. The building features multiple tenancies, providing a dynamic and collaborative environment. Its central Wyomissing location (zip code 19610) offers easy access to major roadways and a thriving community. The property's APN is 96-4397-20-90-9084, and it is situated in Berks County. This well-established building provides a solid foundation for a growing medical practice, offering a blend of historical charm and modern functionality. The available space is ready for immediate occupancy, presenting a rare opportunity to establish or expand your medical practice in a desirable location. Inquire today to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,018,790

  6.5%

  $940,422

  7%

  $873,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $632,656

  Geo Method

  $1,078,030

• Alternative Use

  Use

  Valuation

  Residential

  $940,422

  Hospitality

  $861,421

  Educational

  $716,692

  Medical

  $741,341

  Retail

  $1,114,855

Location Insight

City

Wyomissing

County

Berks

State

Pennsylvania

Latitude

40.3353

Longitude

-75.9561

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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