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    220 Park Rd Wyomissing, PA 19610

    Sponsored
    For Lease
    Contact for pricing

    60,000 SF Medical Office Building, Berks County

    Lot size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, totaling 60,000 square feet, presents a unique investment opportunity in Wyomissing, Berks County. Completed in 2021, this three-story building sits on a ten-acre lot (APN: 96-4397-20-91-3549) and is currently entirely vacant, offering immediate occupancy for a single tenant. The property boasts a prime location within a thriving mixed-use development, situated near the Knitting Mills, a $100 million redevelopment project. This location offers unparalleled access to amenities and benefits from the proximity to major employers, including Tower Health Systems and UGI Energy Services, both of which have significant presences in the immediate area. The building's design is ideal for a variety of medical uses, offering ample space for a large practice or corporate headquarters. This rare opportunity combines the advantages of a brand-new, high-quality building with the energy and growth of a revitalized community, creating a compelling live, work, and play environment. The entire 60,000 square feet is available for lease, presenting a significant opportunity for a single tenant seeking a prominent location in a rapidly developing area. This is a truly exceptional opportunity to establish a presence in a dynamic and growing market.

    Property Features for 220 Park Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF
    Class
    A

    Building Details

    Year Built
    2021
    Stories
    3

    Unit(s) available at that property

    Space
    Space 1
    Size
    60,000 SF

    HighLights

    • 60,000 SF Class A Medical Office Building for Lease
    • Single‑tenant occupancy in a 60,000 SF building
    • 10‑acre site in Wyomissing, Berks County, PA
    • New construction (2021), three‑story building
    • Located within a $100M+ mixed‑use redevelopment project
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyomissing
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9583377
    Latitude
    40.3398074

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    FAQs

    What type of property is this?
    Medical office - 60,000 SF Medical Office Building, Berks County
    Where is this medical office located?
    The property is located at 220 Park Rd Wyomissing, PA.
    What are key features of this property?
    This property features: 60,000 SF Class A Medical Office Building for Lease; Single-tenant occupancy in a 60,000 SF building; 10-acre site in Wyomissing, Berks County, PA
    Request Owner's contact information
    220 Park Rd Wyomissing, PA 19610
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    Wyomissing, 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
    220 Park Rd Wyomissing, PA 19610
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