3240 5Th Street Hwy Reading, PA 19605
Invest in a prime retail opportunity at Muhlenberg Shopping Center, a Class A, 132,851 square foot shopping center located at 3240 N 5th Street Hwy, Reading, PA 19605. This grocery-anchored center boasts a strong tenant mix including Ollie's, CitiTrends, Grocery Outlet, Sherwin Williams, Rent-A-Center, and Wingstop, among others. The property offers multiple spaces for lease, ranging from a minimum of 900 square feet to a maximum contiguous space of 12,517 square feet. Currently, 16,417 square feet is available. The owner is willing to subdivide the larger space to accommodate a qualified tenant. Smaller spaces are ideal for a variety of uses, including barber shops, hair salons, restaurants, or food delivery/takeout services. The property features ample parking with 300 spaces available for customers and employees. Situated on a 12.9-acre lot, the center benefits from its location on a major north-south traffic artery, N. 5th Street Highway, ensuring high visibility and accessibility. The surrounding area is densely populated with numerous national retailers, including Redner's, Dollar General, Dollar Tree, Harbor Freight, Aaron's, Big Lots, Planet Fitness, Boscov's, Target, PetSmart, Five Below, Ross Dress for Less, Burlington Coat Factory, and AMC Theatres, creating a robust and thriving commercial environment. This is an exceptional opportunity to establish or expand your business in a high-demand location.
-
Ollie's Bargain Outlet Discount Store
-
Wingstop Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.