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    2700 Paper Ml Rd Spring Ridge, PA 19610

    For Lease
    Contact for pricing

    Single-tenant medical office on 1-acre lot.

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1-acre property, located at 2700 Paper Mill Rd, Reading, PA 19610, presents a unique investment opportunity. Situated at the intersection of Papermill Road and Meridian Boulevard, this single-tenant medical office building offers excellent visibility and accessibility. The property is currently designated as a Kohl's pad site, ideal for ground lease development. While the building's square footage is currently listed as zero, the substantial 1-acre lot provides ample space for new construction or potential redevelopment tailored to the needs of a medical office tenant. The property's location in Spring Ridge, Reading, PA offers a strong demographic profile and convenient access to major transportation routes. This is a rare chance to acquire a strategically positioned parcel in a thriving area, perfect for a medical practice seeking a prominent location or an investor looking for a high-return ground lease opportunity. The property's zoning and potential uses should be verified independently. The address is officially listed as 2700 Paper Mill Rd, but cross streets are Papermill Road & Meridian Blvd.

    Property Features for 2700 Paper Ml Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Space Available
    Size
    43,560 SF

    HighLights

    • High‑visibility location in densely populated Wyomissing, PA, with excellent highway access.
    • Strategically located in Spring Township, near Wyomissing, PA.
    • Anchored by Kohl's department store.
    • Strong retail co‑tenancy including Target, Walmart, TJ Maxx, Michaels, and Marshalls.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kohl's Department Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Ridge
    State
    Pennsylvania
    Longitude
    -75.986054
    Latitude
    40.356371

    Nearby Comparable

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      10,150 SF

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      Wyomissing, PA Creative Office Space
      2 Meridian Blvd, Wyomissing, PA 19610
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    • $22 SF/Yr
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      Class A Office Space Available

      Professionally managed office building with highway access and retail amenities.
      2 Meridian Blvd, Reading, PA 19610
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    • $22 SF/Yr
      336,000 SF

      1 Meridian Blvd

      Office Properties & Spaces • 336,000 SF
      1 Meridian Blvd, Reading, PA 19610
      View Details
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      20,987 SF

      Medical Office Suites in Reading

      Berks County medical office space available
      1320 Broadcasting Rd, Reading, PA 19610
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    • Contact for pricing
      37,312 SF

      Class A Office Space

      Office/Medical suite for lease in Spring Ridge location.
      1350 Broadcasting Rd, Wyomissing, PA 19610
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    • Contact for pricing
      1,350 SF

      Professional Office Space Available

      Multi-tenanted office building with easy access to amenities and highways.
      1200 Broadcasting Rd, Reading, PA 19610
      View Details

    FAQs

    What type of property is this?
    Medical office - Single-tenant medical office on 1-acre lot.
    Where is this medical office located?
    The property is located at 2700 Paper Ml Rd Spring Ridge, PA.
    What are key features of this property?
    This property features: High-visibility location in densely populated Wyomissing, PA, with excellent highway access.; Strategically located in Spring Township, near Wyomissing, PA.; Anchored by Kohl's department store.
    Request Owner's contact information
    2700 Paper Ml Rd Spring Ridge, PA 19610
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    Spring Ridge, PA 19610
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    2700 Paper Ml Rd Spring Ridge, PA 19610
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