Multi-Use Event and Recreation
22 New Holland Ave Shillington, PA 19607
New
22 New Holland Ave, Shillington, PA, 19607
$595,000
For Sale
$595,000
Multi-level facility with an event hall, basketball court, full kitchen, and office loft space.
Property Size4,800 SF
Price / SF$123.96
Days on Market2
Property Features for 22 New Holland Ave
General Information
- Standard status
- Active
- Size
- 4,800 SF
Building Details
- Year Built
- 1940
Listing agency
Coldwell Banker Realty
(610) 373-9900
Listed by
Karim Davidson
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 11:44AM Checked: Jul 21 at 11:44AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
22 New Holland Ave is a multi-use, multi-level property designed around event and recreation use. The main level includes a large open event hall with a basketball court, a stage, a full kitchen, and separate men’s and women’s restrooms, supporting group events and rentals. The second-floor loft adds additional office space along with a full bathroom. The lower level is equipped with two shower stalls, a urinal, a toilet, and a sauna.
The building is offered for sale at 22 New Holland Ave in Shillington, PA 19607. Its layout supports a mix of hosted activities and on-site administrative or auxiliary space.
At approximately 4,800 square feet, the property provides distinct levels for different operational functions, with event-ready common space on the main floor and supporting uses on the upper and lower levels.
The building is offered for sale at 22 New Holland Ave in Shillington, PA 19607. Its layout supports a mix of hosted activities and on-site administrative or auxiliary space.
At approximately 4,800 square feet, the property provides distinct levels for different operational functions, with event-ready common space on the main floor and supporting uses on the upper and lower levels.
Key Highlights
- Nearly 5,000 sq ft, year‑built 1940, multi‑use property in Shillington
- Main level includes a large open event hall with a basketball court and a stage
- Main level also features a full kitchen plus separate men’s and women’s restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.2k | $12.96 |
| − Vacancy | −$8.6k | −$1.79 |
| EGI | $53.6k | $11.17 |
| − OpEx | −$13.4k | −$2.79 |
| NOI | $40.2k | $8.38 |
4,800 SF · lease $12.96/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$574.5K
$502.7K – $670.3K
NOI $40,217 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$788.0K
$689.5K – $919.3K
NOI $55,158 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar For Sale Nearby
Similar Off Market Nearby
- Breakdown Athletics — 50-1 S Brobst St, Shillington, PA 19607
- Time to Rise Fitness — 6525 Shillington Plaza, Shillington, PA 19607
- Highlands at Wyomissing — brae cir, wyomissing, pa 19610
- Governor Mifflin School District Outdoor Athletic Complex — E Lancaster Ave, Shillington, PA 19607
- Wyomissing Quarry Soccer Fields Mccanny Cup — 2001 Old Wyomissing Rd, Wyomissing, PA 19610
FAQs
What type of property is this?
Fitness center & gym - Multi-level facility with an event hall, basketball court, full kitchen, and office loft space.
Where is this fitness center & gym located?
The property is located at 22 New Holland Ave Shillington, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Nearly 5,000 sq ft, year‑built 1940, multi‑use property in Shillington; Main level includes a large open event hall with a basketball court and a stage; Main level also features a full kitchen plus separate men’s and women’s restrooms
