Financial
Distress signals
Property profile

305 Park Rd Reading, PA 19610

OFF-MARKET
Turn key restaurants
Property ID
US73-2921021
6,380 SF 2.45 ac lot Built 1993
Last sale May 2013 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 1.20-acre commercial land parcel that is described as a fully improved site with a nearly full macadam (paved/asphalt) surface. It is zoned C-2 for retail commercial use. The site is located in front of a large existing development area totaling approximately 255,000 square feet, which includes the Teleflex R&D Medical Facility, and is also positioned near a planned or newly established 200,000-square-foot Drexel Medical School.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$703k
Assessed land$483k
Assessed improvement$220k
Effective rate1.37%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$133/SF
Submarket average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$37 – $266
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERKS

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply28.9
Wholesale Shop26.1
Auto Parts Store25.7

Location

305 Park Rd Reading, PA 19610-2915
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
902 Penn, Wyomissing, PA 19610-3017 $875,000 Sep 2024 5,648 SF
2800 State Hl, Reading, PA 19610-1432 $17,000 Sep 2024 5,772 SF
1 Wellington, Wyomissing, PA 19610-1827 $470,000 Nov 2021 5,808 SF
501 Wyomissing, Wyomissing, PA 19610-1757 $700,000 May 2021 8,160 SF
955 Woodland, Wyomissing, PA 19610-1201 $6,462,547 Mar 2021 6,096 SF
1085 Woodland, Reading, PA 19610-1203 $6,462,547 Mar 2021 7,218 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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