4830 Penn Ave, Wernersville, PA 19608
- Retail properties & Spaces
- 3,575 SF
- 0.77 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 4830 Penn Ave
- Year built
- 1998
- Lot size
- 0.77 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Banks
Description
This exceptional investment opportunity presents a single-tenant, net-leased retail property occupied by an M&T Bank branch located at 4830 Penn Ave, Sinking Spring, PA 19608, in Berks County. The 3,575 square foot building sits on a 0.77-acre lot and was constructed in 1998. Currently operating at 100% occupancy, this bank branch boasts a remarkable history, having operated continuously since August 1998, initially as a Bank of Pennsylvania branch (a division of Dauphin Deposit Bank & Trust) before M&T Bank assumed control in 2003 following the acquisition of Dauphin Deposit Bank & Trust. The property benefits from an absolute NNN lease structure, eliminating all landlord responsibilities. Financial performance is exceptionally strong, with the branch reporting over $118 million in deposits in 2024, the highest among the 11 M&T Bank branches in Berks County. This represents a stable, long-term investment with a proven track record of success spanning over 25 years. The property's prime location in Sinking Spring, near Reading, Pennsylvania, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing, net-leased asset with significant long-term potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wernersville
- County
- Berks
- State
- Pennsylvania
- Longitude
- -76.0513
- Latitude
- 40.3264
