1320 Broadcasting Rd Reading, PA 19610
- Office buildings
- 1,785 SF
- 4.67 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1320 Broadcasting Rd
- Year built
- 2002
- Lot size
- 4.67 lot acres
- Property size
- 1,785 SF
- Property type
- Office buildings
- APN
- 4397-09-16-9081
- APU
- 439709169081
Description
This exceptional two-story medical office building, situated on a generous 4.67 acres at 1320 Broadcasting Road, Reading, offers a prime opportunity for medical professionals. The Class B building, constructed in 2002, boasts a total of 20,987 square feet, with flexible space options available. Currently, there are 1,187 square feet of vacant space, divisible into units as small as 243 square feet and up to a contiguous 943 square feet, perfect for a variety of medical practices. The building's location in the Reading submarket of Berks County, conveniently near Paper Mill Road, ensures high visibility and accessibility for patients. The property is zoned COM, providing versatility for potential tenants. The single building features multiple tenancies, creating a vibrant and collaborative environment. This is an excellent opportunity to establish or expand your medical practice in a well-maintained and strategically located building. The property offers a blend of convenience, accessibility, and ample space to accommodate diverse medical needs. With its flexible floor plans and desirable location, this medical office building presents a compelling investment opportunity. The building's size and layout provide a unique opportunity for growth and expansion within the thriving Berks County medical community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,075,000
- 6.5%
- $1,020,000
- 7%
- $1,020,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,150,000
- Geo Method
- $1,155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,215,000
- Retail
- $1,085,000
- Mixed-Use
- $980,000
- Hospitality
- $955,000
- Educational
- $1,050,000
- Residential Income
- $1,280,000
- Energy
- $1,240,000
- Income-Based Land
- $1,070,000
- Food Service
- $1,190,000
Location Insight
- Map
- Local Demand
- City
- Wyomissing
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9844
- Latitude
- 40.3521
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
