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Property profile & analytics
OFF-MARKET
Specialty properties

3240 5Th Street Hwy Reading, PA 19605

132,851 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 132,851 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ollie's Bargain Outlet Discount Store
  • Wingstop Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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