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    1331 Penn Ave Reading, PA 19610

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    For Lease
    $10 SF/Yr ($3,592 /Mo)

    4,311 SF retail space with high traffic exposure.

    Property size:
    4,311 SF
    Lot size:
    4,311 SF

    Property Features for 1331 Penn Ave

    General Information

    Size
    4,311 SF

    Building Details

    Year built
    1920

    Source: Kevin Wolfe Agent Kevin Wolfe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space with Fitted Kitchen

    This 4,311 square foot retail property is available for lease and offers a versatile space suitable for various retail businesses. The property features a fully fitted kitchen, two convenient pick-up windows, and on-site freezer space. The location is ideal for a cafe, restaurant, catering business, bakery, or general retail use. Situated on Penn Avenue in Wyomissing, Pennsylvania, the property benefits from high traffic counts of 14,500 vehicles per day, providing excellent exposure and accessibility. The building is zoned C1 and also includes a second-floor office or dining area. The property previously housed a butcher and market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dundore & Heister Butcher Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9688839
    Latitude
    40.3318705

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    FAQs

    What type of property is this?
    Retail space - 4,311 SF retail space with high traffic exposure.
    Where is this retail space located?
    The property is located at 1331 Penn Ave Reading, PA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Fully fit-out kitchen space ideal for restaurant, catering, or bakery; - High traffic location with 14,500 vehicles per day (VPD); - 4,311 SF retail building suitable for various retail businesses
    (717) 951-4127
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    1331 Penn Ave Reading, PA 19610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1331 Penn Ave Reading, PA 19610
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