739 Reading AveReading, PA 19611

Property Details for 739 Reading Ave

Year built

1924

Lot size

6.92 AC

Property size (Sq ft)

221,090 SF

Property type

Office properties

Property subtype

Office buildings

APN

5307-17-01-8110

APU

530717018110

Description

This exceptional flex office space, located at 739 Reading Ave in West Reading, PA, offers 128,258 square feet of vacant space within a 210,650 square foot building. The property, formerly the Vanity Fair building (Building 202), underwent extensive renovations in 2018, boasting a completely new roof, energy-efficient windows, and a modernized exterior. The interior features a 10'-6" ceiling height, a new HVAC system with eight 20,000 CFM rooftop units, and a state-of-the-art fire sprinkler system compliant with NFPA-13. Modernized restrooms are conveniently located on floors 2, 3, and 4, with additional restrooms on the first floor. Electrical upgrades include two 2500KA pod-mounted transformers. The building offers three elevators (two public, one service) and column spacing of 18' to 20'. Units range from 2,492 to 46,571 contiguous square feet, making it suitable for a variety of businesses. Situated within the Knitting Mills Redevelopment site, this Class B property enjoys proximity to Reading Hospital and the thriving business and retail districts of West Reading and Wyomissing. Nearby amenities include McDonalds, Wawa, Sly Fox Brewing, and Kimberton Whole Foods. The building's location within this master-planned mixed-use project provides excellent visibility and access to a diverse range of businesses and services. Zoned commercial, this property is in Berks County and the West Reading submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $34,125,240

  6.5%

  $31,500,222

  7%

  $29,250,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,953,078

  Geo Method

  $28,887,620

• Alternative Use

  Use

  Valuation

  Residential

  $39,060,276

  Hospitality

  $35,779,004

  Educational

  $29,767,710

  Medical

  $30,791,468

  Retail

  $46,305,328

Location Insight

City

West Reading

County

Berks

State

Pennsylvania

Latitude

40.3381

Longitude

-75.9527

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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