Auto Shop with Drive-In
For Sale
Contact for pricing
70 Morgantown Rd, Reading, PA 19611
Former fleet service facility with multiple drive-in bays for vehicle and equipment servicing.
Property Size10,000 SF
Price / SF$98.50
Days on Market58
Property Features for 70 Morgantown Rd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Amenities
Multiple Drive-In Service Bays
Listing Agency:
NAI Keystone Commercial & Industrial, LLC
(610) 779-1400
Listed By:
Patrick "Pat" Zerbe · License ##RS356626
(610) 370-8507
Source:
Moodyscre
Added: Aug 11
Changed: Sep 7
Last Checked: Oct 5 at 9:32PM
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.
This 10,000-square-foot auto shop at 70 Morgantown Rd in Reading, Pennsylvania, was formerly used as a fleet service facility. The building includes multiple drive-in service bays and is configured to accommodate large vehicles and equipment.
The property offers an established automotive service layout with direct drive-in functionality. Its Morgantown Road address provides highway connectivity for service operations involving fleet, commercial, or other large vehicles.
The property offers an established automotive service layout with direct drive-in functionality. Its Morgantown Road address provides highway connectivity for service operations involving fleet, commercial, or other large vehicles.
Key Highlights
- 10,000‑square‑foot automotive service facility
- Former fleet service use
- Multiple drive‑in service bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,852
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,040
$1.4M
Cap Rate 7%
$1,012,171
$1.0M
Cap Rate 9%
$787,244
$787.2K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$88.3K $8.83/SF
− Vacancy
−$4.9K −$0.49/SF
EGI
$83.4K $8.34/SF
− OpEx
−$12.5K −$1.25/SF
NOI
$70.9K $7.09/SF
Area
Berks County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,040
Cap Rate 7%
$1,012,171
Cap Rate 9%
$787,244
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,395 @ 7.0% cap · market cap 10.29%
Second Best
Warehouse
$1.01M
$885.7K – $1.18M
NOI $70,852 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,912 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19611, PA
11,238
Population
4,555
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
2.0 sq mi
ZIP Area
5,619
Density / Sq Mi
$56,379
Median Household Income
$40,791
Median Earnings
$1,098
Median Rent
$161,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- S Automotive & Fleet Services — 1230 lancaster ave, reading, pa 19607
- S Automotive and Fleet — 1230 Lancaster Ave, Reading, PA 19607
- Neil's Automotive — 1041 Brooke Blvd, Reading, PA 19607
- Charles H. Price Auto Sales, Inc. — 1030 New Holland Rd, Reading, PA 19607
- Diversilabs LLC — 1117 lancaster ave, reading, pa 19607
Frequently Asked Questions
What type of property is this?
Auto shop - Former fleet service facility with multiple drive-in bays for vehicle and equipment servicing.
Where is this auto shop located?
The property is located at 70 Morgantown Rd Reading, PA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 10,000‑square‑foot automotive service facility; Former fleet service use; Multiple drive‑in service bays
