Redevelopment Opportunity in Wernersville,
60 E Penn Ave Wernersville, PA 19565
60 E Penn Ave, Wernersville, PA, 19565
$2,800,000
For Sale
$2,800,000
24,500 SF building suitable for redevelopment along 422 corridor.
Property Size24,500 SF
Price / SF$114.29
Days on Market113
Property Features for 60 E Penn Ave
General Information
- Standard status
- Active
- Size
- 24,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1941
Listing agency
NAI Keystone Commercial & Industrial, LLC
(610) 370-8507
Listed by
Patrick Zerbe · License #PA #RS356626
Source
Naikeystone
Added: Apr 1 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 4:39AM
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 NAI Keystone Commercial & Industrial, LLC
Investment Insights
Based on property information with market context.
The property at 60 E Penn Ave, Wernersville, PA, features a 24,500 square-foot building. It offers a redevelopment opportunity, particularly due to the ongoing development along the 422 corridor. The property's location is strategically positioned to benefit from current development trends in the area. It is suited for a redevelopment project, offering the chance to leverage the property's potential in a rapidly evolving market.
Key Highlights
- Redevelopment Opportunity: The property is primed for a forward‑thinking redevelopment project.
- Strategic Location: Positioned to benefit from ongoing development along the 422 corridor.
- High Square Footage: The building offers a substantial 24,500 SF of space.
Local Financial Insights For Retail
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 | $370.4k | $15.12 |
| − Vacancy | −$15.6k | −$0.64 |
| EGI | $354.9k | $14.48 |
| − OpEx | −$106.5k | −$4.35 |
| NOI | $248.4k | $10.14 |
24,500 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.55M
$3.11M – $4.14M
NOI $248,417 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,534 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 24,500 SF building suitable for redevelopment along 422 corridor.
Where is this retail space located?
The property is located at 60 E Penn Ave Wernersville, PA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Redevelopment Opportunity: The property is primed for a forward‑thinking redevelopment project.; Strategic Location: Positioned to benefit from ongoing development along the 422 corridor.; High Square Footage: The building offers a substantial 24,500 SF of space.
