1665 State Hill RdWyomissing, PA 19610

  • Retail properties
  • 141,726 SF
For Lease

Property Details for 1665 State Hill Rd

Year built
1970
Lot size
58.75 AC
Property size (Sq ft)
141,726 SF
Property type
Retail properties
Property subtype
Other retail properties
APN
4397-19-52-9232
APU
439719529232

Description

Berkshire Mall, located at 1665 State Hill Rd, Reading, PA 19610, offers exceptional retail opportunities in Berks County. This established shopping mall boasts a total of 797,205 square feet, with a significant 382,159 square feet currently available for lease. The property is categorized as a multi-tenant retail space, ideal for a variety of businesses. Spaces range from a minimum of 509 square feet to a maximum contiguous space of 175,004 square feet, providing flexibility for businesses of all sizes. The mall's strategic location in Wyomissing, Pennsylvania, ensures high visibility and accessibility for customers. This presents a unique chance to establish or expand your retail presence within a well-established and thriving shopping center. With approximately 30 spaces available, there are numerous options to suit diverse business needs. The property's substantial size and flexible space options make it an attractive investment for businesses seeking a prominent location in a busy retail environment. This is a prime opportunity to secure a space within a well-known Berks County landmark. Contact us today to learn more about the available spaces and lease terms.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $32,156,850
    6.5%
    $29,683,246
    7%
    $27,563,014
  • Comparable approach

    Method
    Valuation
    Relative Method
    $27,386,058
    Geo Method
    $46,665,156
  • Alternative Use

    Use
    Valuation
    Residential
    $25,038,928
    Hospitality
    $22,935,524
    Educational
    $19,082,086
    Medical
    $19,738,350
    Retail
    $29,683,246
1665 State Hill Rd, Wyomissing, Pennsylvania

Location Insight

City
Wyomissing
County
Berks
State
Pennsylvania
Latitude
40.3409
Longitude
-75.9701
CBSA code
39740
CBSA name
READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$107,211
$3,950,900
$3,849,100
$7,800,000
-
$3,950,900
$3,849,100
$7,800,000

FAQs

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