50 Innovation Way Reading, PA 19610
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.
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.