Mixed-Use Property with Block
New
For Sale
$400,000
5116 Old Rte 22, Hamburg, PA 19526
A detached block building offers garage, office, and potential workshop space beside the three-bedroom residence.
Property Size2,356 SF
Lot Size1.29 Acres
Price / SF$114.29
Days on Market5
Property Features for 5116 Old Rte 22
General Information
Standard status
Active
Size
2,356 SF
Lot size
1.29 Acres
Property subtype
Commercial
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
3
Additional Details
Road Access
Yes
Building Details
Year Built
1967
Buildings
1
Building Size
2,356 SF
Construction
block
Listing Agency:
RE/MAX Of Reading
Listed By:
Kevin J Snyder · License #5020826
(484) 274-0607
Source:
Viewmarylandhomesforsale
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 2:11PM
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.
Set on 1.29 acres along Old Route 22, this mixed-use property combines a single-story brick residence with a separate block building. The home has three bedrooms, two full bathrooms, hardwood floors on the main level, and a lower-level family room with a built-in bar. A fireplace, dining area, mudroom, and main-level laundry round out the layout.
The detached building measures 2,300+ square feet (62' x 38') and has nearly 15-foot ceilings, three 12' x 12' overhead doors, office space, and a roughed-in bathroom. Its configuration supports vehicle storage or workshop use; potential commercial use requires township review.
The detached building measures 2,300+ square feet (62' x 38') and has nearly 15-foot ceilings, three 12' x 12' overhead doors, office space, and a roughed-in bathroom. Its configuration supports vehicle storage or workshop use; potential commercial use requires township review.
Key Highlights
- 1.29‑acre parcel along Old Route 22
- Detached block building measures 2,300+ sq. ft. (62' x 38')
- Nearly 15‑foot ceilings and three 12' x 12' overhead garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,650
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,000
$693.0K
Cap Rate 7%
$495,000
$495.0K
Cap Rate 9%
$385,000
$385.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$63.0K $18.00/SF
− Vacancy
−$7.6K −$2.16/SF
EGI
$55.4K $15.84/SF
− OpEx
−$20.8K −$5.94/SF
NOI
$34.7K $9.90/SF
Area
Berks County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,000
Cap Rate 7%
$495,000
Cap Rate 9%
$385,000
Alternative Uses
Best Use
Mixed Use
$495.0K
$433.1K – $577.5K
NOI $34,650 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$574.6K
$502.7K – $670.3K
NOI $40,219 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
15 ft
Clear height
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 19526, PA
11,139
Population
5,240
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
87%
High-School Grad
57.5 sq mi
ZIP Area
194
Density / Sq Mi
$72,165
Median Household Income
$47,148
Median Earnings
$1,072
Median Rent
$209,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A detached block building offers garage, office, and potential workshop space beside the three-bedroom residence.
Where is this mixed-use property located?
The property is located at 5116 Old Rte 22 Hamburg, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1.29‑acre parcel along Old Route 22; Detached block building measures 2,300+ sq. ft. (62' x 38'); Nearly 15‑foot ceilings and three 12' x 12' overhead garage doors
