Three-Building Property on Old Swede

515-523 Old Swede Rd, Douglassville, PA 19518

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For Sale

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Well-maintained property with long-term tenants and development potential.

Type:Office

Property size:

14,500 SF

Price / SF:

$93/SF

HighLights

High Income Potential: Property features three buildings, two of which are fully leased with long‑term tenants.
Prime Location: Situated on Old Swede Rd (Rt 662) with convenient access to Rt 22 and Rt 73 in Berks County.
Ample Parking: Offers 48+ parking spaces, accommodating tenants and potential customers.
Substantial Square Footage: Total square footage across all three buildings exceeds 14,500 sf.
Established Tenant Base: Most tenants have occupied the property for over 5 years, indicating stability.
Development Opportunity: The third building includes a 1400sf garage with potential for office space on the vacant second floor.

We can help!

Contact an agent

Bill Hess

Learn more

For Sale

Contact for pricing

Well-maintained property with long-term tenants and development potential.

Type:Office

Property size:

14,500 SF

Price / SF:

$93/SF

Added:: Jul 28, 2021
Days on Market:: 1808
Last Refresh:: Jul 5 at 7:35 am

Property Features for 515-523 Old Swede Rd

General Information

Standard status: Active
Size: 14,500 SF
Property subtype: Office

Building Details

Year Built: 1992

We can help!

Contact an agent

Bill Hess

Listing office Bennett Williams Commercial Exton

Listing date Jul 28, 2021

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All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial Exton

HighLights

High Income Potential: Property features three buildings, two of which are fully leased with long‑term tenants.
Prime Location: Situated on Old Swede Rd (Rt 662) with convenient access to Rt 22 and Rt 73 in Berks County.
Ample Parking: Offers 48+ parking spaces, accommodating tenants and potential customers.
Substantial Square Footage: Total square footage across all three buildings exceeds 14,500 sf.
Established Tenant Base: Most tenants have occupied the property for over 5 years, indicating stability.
Development Opportunity: The third building includes a 1400sf garage with potential for office space on the vacant second floor.

Overview

This well-maintained property is located on Old Swede Road (Route 662), offering convenient access to Route 22 and Route 73 in Berks County. The property includes three buildings, totaling over 14,500 square feet. One building has been leased to a salon for 24 years, and the barn building is fully leased. The third building currently features a 1400 square foot garage and covered parking, with potential for office space to be built on the currently vacant second floor. Most tenants have occupied the property for over five years. There are over 48 parking spaces available.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$187.9k	$12.96
− Vacancy	−$25.9k	−$1.79
EGI	$162.0k	$11.17
− OpEx	−$40.5k	−$2.79
NOI	$121.5k	$8.38

14,500 SF · lease $12.96/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.74M

$1.52M – $2.02M (±1% cap)

NOI $121,490 @ 7.0% cap · market cap 9.00%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.38M

$2.08M – $2.78M (±1% cap)

NOI $166,622 @ 7.0% cap · market cap 12.34%

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

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Douglassville
County: Berks
State: Pennsylvania
Longitude: -75.724282
Latitude: 40.272918

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For sale
Office buildings
PA
Douglassville
19518
515-523 Old Swede Rd

What type of property is this?

Office building - Well-maintained property with long-term tenants and development potential.

Where is this office building located?

The property is located at 515-523 Old Swede Rd Douglassville, PA.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: High Income Potential: Property features three buildings, two of which are fully leased with long‑term tenants.; Prime Location: Situated on Old Swede Rd (Rt 662) with convenient access to Rt 22 and Rt 73 in Berks County.; Ample Parking: Offers 48+ parking spaces, accommodating tenants and potential customers.