1 PARK LANE, Douglassville, PA 19518

Building Details

Year Built 1974 More

Listing Agency: Keller Williams Real Estate - Allentown f***@kw.com Show Phone

Listed By: James Balliet · License PA RS227612L Show Phone

Source: Cummingsrealtors

Added: Sep 24 Changed: Nov 10 Last Checked: Nov 12 at 8:05AM

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Investment Insights

Based on property information with market context.

Amity Square is a mixed-use commercial center with retail, office, flex, and storage/workshop suites. Available spaces range from 500 to 2,100 square feet. Retail options measure 1,100 and 2,100 square feet; flex and workshop choices comprise 650 and 500 square feet. Two renovated office suites provide 2,000 and 1,060 square feet, respectively. The 1,100-square-foot retail suite has an open layout, while the office spaces have also been renovated.

At 1 Park Lane in Douglassville, the property sits at the intersection of Park Lane and Route 422. The center was built in 1974 and contains 26,828 square feet. The range of suite sizes and commercial space types supports varied business operations.

Key Highlights

• Six available spaces range from 500 to 2,100 square feet
• Two renovated office suites: 2,000 and 1,060 square feet
• Retail suites measure 1,100 and 2,100 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$156,538

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,130,760 $3.1M

Cap Rate 7%

$2,236,257 $2.2M

Cap Rate 9%

$1,739,311 $1.7M

What to ask about pricing

Market Conditions

NOI Build-Up for 26,828 SF

Gross rent

$236.9K $8.83/SF

− Vacancy

−$13.3K −$0.49/SF

EGI

$223.6K $8.34/SF

− OpEx

−$67.1K −$2.50/SF

NOI

$156.5K $5.83/SF

Area

Berks County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,130,760

Cap Rate 7%

$2,236,257

Cap Rate 9%

$1,739,311

Alternative Uses

Best Use

Retail

$3.89M

$3.40M – $4.53M (±1% cap)

NOI $272,022 @ 7.0% cap

Second Best

Mixed Use

$3.79M

$3.32M – $4.43M (±1% cap)

NOI $265,597 @ 7.0% cap

Theoretical Best

Office A

$4.40M

$3.85M – $5.14M (±1% cap)

NOI $308,286 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Pipers smoke shop ... (Bike/Boat/Book/etc) Store Outshine Dance & Fitness, ... Training Center Detailed by Baker Car Wash Carter's Cards (Bike/Boat/Book/etc) Store Shoot Angry INC Gun Shop

Suggested Use

Top Pick Law Firm Spa & Massage Center Parking Lot & Garage Big Box & Wholesale Store Auto Repair Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

279

Businesses Nearby

Explore this area Business Placement

Demographics for 19518, PA

16,441

Population

6,274

Households

2.6

Avg Household Size

43

Median Age

39%

College-Educated

95%

High-School Grad

35.8 sq mi

ZIP Area

459

Density / Sq Mi

$114,954

Median Household Income

$57,996

Median Earnings

$1,324

Median Rent

$331,100

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Berks County, PA

$170 Jul

$124 Aug

$158 Sep

$139 Oct

Properties on Market for Mixed-use properties in Berks County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Retail, office, flex, and workshop spaces are offered at the Park Lane and Route 422 intersection.

Where is this mixed-use property located?

The property is located at 1 PARK LANE Douglassville, PA.

What are key features of this property?

This property features: Six available spaces range from 500 to 2,100 square feet; Two renovated office suites: 2,000 and 1,060 square feet; Retail suites measure 1,100 and 2,100 square feet