Freestanding Retail
New
For Sale
$650,000
1330 Schuylkill Avenue, Reading, PA 19601
The 3,295-square-foot property is an open shell, with furniture, fixtures, and equipment removed.
Property Size3,295 SF
Price / SF$197.27
Days on Market5
Property Features for 1330 Schuylkill Avenue
General Information
Standard status
Active
Size
3,295 SF
Property subtype
Freestanding
Additional Details
Traffic Count
60,000 vehicles/day
Amenities
on-site parking
Building Details
Building Size
3,295 SF
Buildings
1
Listing Agency:
Bennett Williams Commercial
Listed By:
Adam Hagerman · License #RS311776
(717) 870-6932
Source:
Bennettwilliams
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 4:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial
Investment Insights
Based on property information with market context.
This freestanding retail property contains 3,295 square feet and is offered as an open shell. Furniture, fixtures, and equipment have been removed. The building previously operated as a drive-through bank and was subsequently converted to a laundromat.
The site is on Schuylkill Avenue, designated Route 183, in Reading. Approximately 60,000 vehicles travel the corridor daily, and the area has 136,756 residents within a 3-mile radius. National retailers are located along the corridor, and the property includes on-site parking.
The site is on Schuylkill Avenue, designated Route 183, in Reading. Approximately 60,000 vehicles travel the corridor daily, and the area has 136,756 residents within a 3-mile radius. National retailers are located along the corridor, and the property includes on-site parking.
Key Highlights
- 3,295‑square‑foot freestanding retail building
- Open‑shell condition; furniture, fixtures, and equipment removed
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,410
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,200
$668.2K
Cap Rate 7%
$477,286
$477.3K
Cap Rate 9%
$371,222
$371.2K
Market Conditions
NOI Build-Up for 3,295 SF
Gross rent
$49.8K $15.12/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$47.7K $14.48/SF
− OpEx
−$14.3K −$4.35/SF
NOI
$33.4K $10.14/SF
Area
Berks County, PA
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,200
Cap Rate 7%
$477,286
Cap Rate 9%
$371,222
Alternative Uses
Best Use
Retail
$477.3K
$417.6K – $556.8K
NOI $33,410 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.9K
$473.3K – $631.1K
NOI $37,864 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - The 3,295-square-foot property is an open shell, with furniture, fixtures, and equipment removed.
Where is this retail space located?
The property is located at 1330 Schuylkill Avenue Reading, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,295‑square‑foot freestanding retail building; Open‑shell condition; furniture, fixtures, and equipment removed; On‑site parking
