IC-2 Zoned Commercial
New
For Sale
$399,000
5686 ALLENTOWN PIKE, Reading, PA 19605
An existing building requires full rehabilitation, with the site also suited to redevelopment.
Property Size2,000 SF
Price / SF$199.50
Days on Market5
Property Features for 5686 ALLENTOWN PIKE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Building Details
Year Built
1953
Listing Agency:
Iron Valley Real Estate of Berks
(484) 450-8771
Listed By:
Christopher J Posch · License #RS381247
(484) 635-0798
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:55PM
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 Iron Valley Real Estate of Berks
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Investment Insights
Based on property information with market context.
This commercial parcel in Ontelaunee Township spans more than 3 acres and includes an existing building constructed in 1953. The structure needs a full renovation, and the property is to be cleared before settlement. Its IC-2 Industrial Commercial zoning supports a range of commercial and industrial uses, as well as redevelopment of the site.
The property fronts Allentown Pike, which carries 28,000 vehicles per day. Access to major regional routes is noted, though specific route details are not provided.
The property fronts Allentown Pike, which carries 28,000 vehicles per day. Access to major regional routes is noted, though specific route details are not provided.
Key Highlights
- More than 3 acres in Ontelaunee Township
- IC‑2 (Industrial Commercial) zoning
- 28,000 VPD on Allentown Pike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,902
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,040
$398.0K
Cap Rate 7%
$284,314
$284.3K
Cap Rate 9%
$221,133
$221.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.1K $14.04/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$26.5K $13.27/SF
− OpEx
−$6.6K −$3.32/SF
NOI
$19.9K $9.95/SF
Area
Berks County, PA
Vacancy
5.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,040
Cap Rate 7%
$284,314
Cap Rate 9%
$221,133
Alternative Uses
Best Use
Specialty Retail
$284.3K
$248.8K – $331.7K
NOI $19,902 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 19605, PA
21,356
Population
8,100
Households
2.6
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
17.6 sq mi
ZIP Area
1,213
Density / Sq Mi
$85,775
Median Household Income
$45,578
Median Earnings
$1,310
Median Rent
$218,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - An existing building requires full rehabilitation, with the site also suited to redevelopment.
Where is this commercial land located?
The property is located at 5686 ALLENTOWN PIKE Reading, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: More than 3 acres in Ontelaunee Township; IC‑2 (Industrial Commercial) zoning; 28,000 VPD on Allentown Pike
