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Property profile & analytics
OFF-MARKET
Specialty properties

50 Innovation Way Reading, PA 19610

180,000 SF Built 2021
Property ID
Property summary
AI-generated overview

This Class A, 6-story, 180,000 square foot medical office building, constructed in 2021, offers exceptional space in Reading, PA's Wyomissing submarket. Located at 50 Innovation Way, near Park Road, the building boasts 60,000 square feet of immediately available space, divisible into minimum 30,000-square-foot units, with a maximum contiguous space of 30,000 square feet. The building features ample parking (85 spaces) and elevators. Its prime location in Berks County provides easy access to major transportation routes. The building's modern design and amenities are ideal for medical, executive, or creative office users. Zoned commercial, this property presents a unique opportunity to establish a presence in a thriving area, adjacent to the Drexel University College of Medicine at Tower Health. The building's strategic location and modern design make it an attractive option for businesses seeking a prestigious address and state-of-the-art facilities. This is a rare opportunity to secure space in a newly constructed, high-quality building in a desirable location.

Property profile
Verified
Property type Specialty properties
Year built 2021
Total area 180,000 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
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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