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

Mixed-use properties

Property subtype

Other investment 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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