Corner Retail Building with
For Sale
$2,250,000
524 N 6th St, Reading, PA 19601
Freestanding retail facility with drive-thru access, dedicated parking, M-C zoning, and existing retail infrastructure.
Property Size11,269 SF
Price / SF$199.66
Days on Market40
Property Features for 524 N 6th St
General Information
Standard status
Active
Size
11,269 SF
Total Parking Spaces
45
Zoning
M-C
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Highway Access
Yes
Utilities to Site
Yes
Amenities
drive-in door
private restrooms
24-hour security with access control
200+ amp 3-phase electric service
corner lot signage
retail fixtures and refrigeration units
Building Details
Year Built
2004
Buildings
1
Construction
masonry
Tenancy
Single
Listing Agency:
RE/MAX Of Reading
(610) 670-2770
Listed By:
Eric J Miller · License #RS193624L
Source:
Selltheshore
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 25 at 8:36AM
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
Investment Insights
Based on property information with market context.
This freestanding 11,269-square-foot storefront property occupies a corner lot at 524 N 6th Street in Reading. The interior includes an open retail layout, 10' to 12' ceiling heights, private restrooms, central air, tile and carpet flooring, a drive-thru window, and a drive-in door. Retail fixtures and refrigeration units remain in place, while masonry construction and a rubber roof provide durable building components. The property was built in 2004.
Zoned M-C, the building has 45 dedicated parking spaces, pylon and corner-lot signage, and access from Rte. 222 Business. Infrastructure includes 200+ amp 3-phase electric service, natural gas heat, public water and sewer, and 24-hour security with access control. Its existing configuration supports retail, medical, restaurant, health club, and hospitality uses identified for the property.
Zoned M-C, the building has 45 dedicated parking spaces, pylon and corner-lot signage, and access from Rte. 222 Business. Infrastructure includes 200+ amp 3-phase electric service, natural gas heat, public water and sewer, and 24-hour security with access control. Its existing configuration supports retail, medical, restaurant, health club, and hospitality uses identified for the property.
Key Highlights
- 11,269‑square‑foot freestanding retail building on a corner lot
- 45 dedicated parking spaces with pylon and corner‑lot signage
- 10' to 12' ceiling heights, open floorplan, and drive‑thru window
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,262
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,285,240
$2.3M
Cap Rate 7%
$1,632,314
$1.6M
Cap Rate 9%
$1,269,578
$1.3M
Market Conditions
NOI Build-Up for 11,269 SF
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.
Gross rent
$170.4K $15.12/SF
− Vacancy
−$7.2K −$0.64/SF
EGI
$163.2K $14.48/SF
− OpEx
−$49.0K −$4.35/SF
NOI
$114.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,285,240
Cap Rate 7%
$1,632,314
Cap Rate 9%
$1,269,578
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,262 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,494 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,577
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Saraí Variety Flower Shop — 12 N 9th St, Reading, PA 19601
- Florist — 150 N 9th St, Reading, PA 19601
- Stephenson's flowers and gifts — 640 N 5th St, Reading, PA 19601
- Fruit Gold Crown Flowers — Reading, PA 19601
- LUXURY GARDEN STUDIO — 1135 N 5th St, Reading, PA 19601
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail facility with drive-thru access, dedicated parking, M-C zoning, and existing retail infrastructure.
Where is this storefront property located?
The property is located at 524 N 6th St Reading, PA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 11,269‑square‑foot freestanding retail building on a corner lot; 45 dedicated parking spaces with pylon and corner‑lot signage; 10' to 12' ceiling heights, open floorplan, and drive‑thru window
