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    3050 5Th Street Hwy Reading, PA 19605

    For Lease
    Contact for pricing

    Large Retail Space - High Traffic Area

    Lot size:
    99,559 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail property, located at 3050 N 5th Street Hwy in Reading, Pennsylvania (zip code 19605), presents a significant opportunity for lease or sale. The building, a two-story standalone structure, boasts approximately 99,559 square feet of space, ideal for a single tenant. Its prime location within the Reading retail corridor ensures high visibility and accessibility. The property benefits from ample parking, a crucial element for attracting customers. Its strategic placement adjacent to established businesses such as Boscov's, AMC Theatres, and Planet Fitness further enhances its appeal and potential for success. The building's previous occupant was Burlington, indicating a proven track record of retail viability. This substantial space offers a unique chance to establish a flagship location or expand an existing retail operation in a thriving commercial area. The property is classified as a retail anchor space, signifying its importance and potential influence within the shopping center. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent presence in a high-traffic retail environment. The property's size and location make it an attractive investment for businesses seeking significant retail space in a well-established commercial area.

    Property Features for 3050 5Th Street Hwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    99,559 SF

    Unit(s) available at that property

    Space
    Size
    99,559 SF

    HighLights

    • Former Burlington store available for lease or sale.
    • Two‑story freestanding building with abundant parking.
    • Located in Reading's prime retail corridor, near Boscov's, AMC Theatres, and Planet Fitness.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Bank Ultimate Smile Dentist AMC Fairgrounds 10 Movie Theater Applebee's Grill + Bar Restaurant Planet Fitness Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.927636842963
    Latitude
    40.379998715837

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    FAQs

    What type of property is this?
    Retail property - Large Retail Space - High Traffic Area
    Where is this retail property located?
    The property is located at 3050 5Th Street Hwy Reading, PA.
    What are key features of this property?
    This property features: Former Burlington store available for lease or sale.; Two-story freestanding building with abundant parking.; Located in Reading's prime retail corridor, near Boscov's, AMC Theatres, and Planet Fitness.
    Request Owner's contact information
    3050 5Th Street Hwy Reading, PA 19605
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    Reading, PA 19605
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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
    3050 5Th Street Hwy Reading, PA 19605
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