Building Details

Year Built 1909

Listing Agency: RE/MAX Of Reading i***@goberkscounty.com

Listed By: Angelo Giannotti · License #RS-271069 Show Phone

Source: Cummingsrealtors

Added: Sep 4 Changed: Oct 21 Last Checked: Oct 20 at 10:40PM

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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 RE/MAX Of Reading

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Investment Insights

Based on property information with market context.

This 1,500-square-foot storefront property dates to 1909 and is currently configured for use as a hair salon. The building occupies a corner location at Columbia Avenue, also identified as Fritztown Rd, and Penn Avenue in Sinking Spring.

Access to the off-street parking area is available from Columbia Avenue along the side and rear of the property. Rear-alley access is also provided through easements documented on neighboring deeds. The property is located across from the former Sinking Spring Borough Hall.

Key Highlights

• 1,500‑square‑foot storefront property
• Currently configured for hair salon use
• Corner position at Columbia Avenue (Fritztown Rd) and Penn Avenue

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,209

Suggested Prices Based on Cap Rates

Cap Rate 5%

$304,180 $304.2K

Cap Rate 7%

$217,271 $217.3K

Cap Rate 9%

$168,989 $169.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$22.7K $15.12/SF

− Vacancy

−$953 −$0.64/SF

EGI

$21.7K $14.48/SF

− OpEx

−$6.5K −$4.35/SF

NOI

$15.2K $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%

$304,180

Cap Rate 7%

$217,271

Cap Rate 9%

$168,989

Alternative Uses

Best Use

Retail

$217.3K

$190.1K – $253.5K (±1% cap)

NOI $15,209 @ 7.0% cap · market cap 608.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$246.2K

$215.5K – $287.3K (±1% cap)

NOI $17,237 @ 7.0% cap · market cap 689.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Grocery & Convenience Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

442

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 19608, PA

24,378

Population

9,169

Households

2.7

Avg Household Size

42

Median Age

46%

College-Educated

94%

High-School Grad

26.3 sq mi

ZIP Area

927

Density / Sq Mi

$112,169

Median Household Income

$55,525

Median Earnings

$1,485

Median Rent

$311,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Commercial storefront currently configured for salon use with side and rear access to off-street parking.

Where is this storefront property located?

The property is located at 3868 PENN AVENUE Sinking Spring, PA.

What are key features of this property?

This property features: 1,500‑square‑foot storefront property; Currently configured for hair salon use; Corner position at Columbia Avenue (Fritztown Rd) and Penn Avenue