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    Furnace Rd Wernersville, PA 19565

    Sponsored
    For Sale
    $1,500,000

    8.99 Acres, Assisted Living Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional 8.99-acre land parcel in Wernersville, Pennsylvania, ideally suited for an assisted living facility. This prime Berks County location presents a unique investment opportunity, capitalizing on the significant and unmet demand for senior care housing in the area. Detailed plans for an assisted living facility, developed by Greth Homes – a reputable developer with a proven track record in similar projects (Hearthstone at Amity and Hearthstone at Maiden Creek) – are available. The property includes full entitlements, streamlining the development process. A comprehensive demographic study supporting the high demand for this type of facility is also available upon request. The total acreage encompasses 8.99 acres, including an additional 2.13 acres (tax ID 51-4366-09-17-4184), further enhancing the development potential. The asking price for this exceptional property is $1,500,000. The property's location is Furnace Rd, Wernersville, PA 19565, with APN numbers 51-4366-09-26-1827 and 51-4366-09-17-4184. This is a rare opportunity to acquire a fully entitled site ready for immediate development in a market with strong projected growth.

    Property Features for 0 Furnace Rd

    General Information

    Property type
    Land
    Lot Size
    391,604 SF

    HighLights

    • 8.99‑acre land parcel in Wernersville, PA, ideal for assisted living.
    • Fully entitled for assisted living facility development.
    • Strong demand for senior care in this Berks County location; demographic study available.
    • Asking price: $1,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wernersville
    County
    Berks
    State
    Pennsylvania
    Longitude
    -76.0973308
    Latitude
    40.3198621

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    FAQs

    What type of property is this?
    Land - 8.99 Acres, Assisted Living Potential
    Where is this land located?
    The property is located at Furnace Rd Wernersville, PA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 8.99-acre land parcel in Wernersville, PA, ideal for assisted living.; Fully entitled for assisted living facility development.; Strong demand for senior care in this Berks County location; demographic study available.
    (610) 603-5380
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    Furnace Rd Wernersville, PA 19565
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Furnace Rd Wernersville, PA 19565
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