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    513 Penn Ave West Reading, PA

    For Lease
    Contact for pricing

    Prime retail space in West Reading's vibrant retail district.

    Property size:
    9,200 SF
    Lot size:
    3.27 Acres

    Property Features for 513 Penn Ave

    General Information

    Size
    9,200 SF
    Lot size
    3.27 Acres

    Source: NAI Keystone Commercial & Industrial, LLC Agent John Buccinno

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

    Overview

    West Reading Retail Space Available

    Located at the corner of Penn Avenue and 6th Avenue, this retail space resides in the main neighborhood retail district of West Reading. The property is near the former VF Outlet center at 8th Avenue, which is undergoing over $200 million in redevelopment. This redevelopment is expected to bring over 800 daytime jobs to the area, along with a recently completed 99-unit multifamily apartment project, further enhancing the district's appeal. The space, formerly a Rite Aid Pharmacy, is in shell condition and ready for a new use. It is suitable for a grocer, general merchandising, specialty retail, or other retail operations. The property features a full basement, providing storage and access to utilities for main floor modifications. The interior space offers clear space for design flexibility.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    West Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9143867
    Latitude
    40.3279745

    FAQs

    What type of property is this?
    Retail space - Prime retail space in West Reading's vibrant retail district.
    Where is this retail space located?
    The property is located at 513 Penn Ave West Reading, PA.
    What are key features of this property?
    This property features: - Located in the main retail district of West Reading at the corner of Penn Ave and 6th Ave.; - Situated near a $200 million redevelopment project, bringing over 800 daytime jobs and a 99-unit multifamily apartment project.; - Wide open, shell condition, ready for a new use.
    (610) 779-1400
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    West Reading, PA
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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
    513 Penn Ave West Reading, PA
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