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    6022 Morgantown Rd Morgantown, PA 19543

    Sponsored
    For Lease
    Contact for pricing

    Prime 3.43-acre commercial lot.

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.43-acre parcel of commercially zoned land presents a remarkable investment opportunity in Morgantown, Pennsylvania. Located at 6022 Morgantown Road, this single-tenant property boasts unparalleled visibility due to its strategic position directly across from the newly constructed Hollywood Casino. The property enjoys high traffic counts, with excellent frontage on Morgantown Road and direct access from the Pennsylvania Turnpike (I-76), which sees 17,150 vehicles per day. Morgantown Road itself experiences 4,516 vehicles daily, ensuring significant exposure for any development. The site's location offers immediate proximity to a range of national retailers, including Starbucks, Walmart, Lowe's, Sheetz, Arby's, and Taco Bell, creating a vibrant and established commercial environment. This property is ideal for developers or retailers seeking a high-traffic location in a rapidly growing market, offering significant potential for a variety of commercial uses. The Berks County location and convenient access to major transportation arteries make this a truly exceptional opportunity. The zoning is commercial, and the lot size is 3.43 acres. This property is ready for immediate development.

    Property Features for 6022 Morgantown Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Size
    1 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.8887273
    Latitude
    40.1640562

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Land - Prime 3.43-acre commercial lot.
    Where is this land located?
    The property is located at 6022 Morgantown Rd Morgantown, PA.
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    6022 Morgantown Rd Morgantown, PA 19543
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    Morgantown, PA 19543
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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
    6022 Morgantown Rd Morgantown, PA 19543
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