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    525 Penn Ave Reading, PA 19611

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    For Lease
    Contact for pricing

    Shell condition retail space in West Reading's retail district.

    Property size:
    11,200 SF
    Lot size:
    11,200 SF

    Property Features for 525 Penn Ave

    General Information

    Size
    11,200 SF

    Source: John Buccinno, SIOR CCIM Agent John Buccinno, SIOR CCIM

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

    Overview

    Retail Space in West Reading

    Located at the corner of Penn Ave and 6th Ave in West Reading, this 11,200-square-foot retail space resides within the main neighborhood retail district. The property is situated near the former VF Outlet center, located at 8th Ave and one block north, which is undergoing over $200 million in redevelopment. This redevelopment is expected to bring over 800 daytime jobs to the area, in addition to a recently completed 99-unit multifamily apartment project. The space is currently in shell condition and is ready for a new use.
    Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm Rite Aid Drug Store Western Union Money Transfer Service Amazon Locker - Gonzala Shipping And Mailing Service Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.948183
    Latitude
    40.335756

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    FAQs

    What type of property is this?
    Retail space - Shell condition retail space in West Reading's retail district.
    Where is this retail space located?
    The property is located at 525 Penn Ave Reading, PA.
    What are key features of this property?
    This property features: - Located in the main neighborhood retail district of West Reading at the corner of Penn Ave and 6th Ave.; - Over $200 million in redevelopment occurring nearby at the former VF Outlet center.; - 800+ daytime jobs committed in the area.
    (610) 370-8508
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    525 Penn Ave Reading, PA 19611
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    Reading, PA 19611
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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
    525 Penn Ave Reading, PA 19611
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