Technical
Financial
Distress signals
Property profile

1947 Bernville Rd Reading, PA 19601

OFF-MARKET
Outlet malls
Property ID
US73-2649757
24,301 SF 2.31 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 25,686-square-foot freestanding building in Reading, Pennsylvania, presents a unique opportunity for a variety of industrial uses. Located in Berks County, at 1947 Bernville Road, zip code 19601, this single-tenant property offers significant advantages for businesses seeking a strategic location. Its convenient access to major highway systems ensures efficient transportation and distribution, making it perfect for last-mile delivery services. The property's proximity to Reading's densely populated areas provides easy access to a large customer base. The expansive parking area adds significant versatility, suitable for accommodating large numbers of vehicles, potentially making it attractive for events or even religious services. The building's classification as retail, industrial, with subtypes including manufacturing, flex space, and warehouse, provides flexibility for a range of business operations. The property is situated at latitude 40.3649604 and longitude -75.95525061. This prime location offers a compelling combination of accessibility, visibility, and ample space, making it an attractive investment opportunity. The total building square footage is 25,686 square feet.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1960
Total area 24,301 SF
Lot 2.31 ac (100,624 SF)
APN 5308-17-00-1976
UPID US73-2649757

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store Grocery & Convenience Store

Location

1947 Bernville Rd Reading, PA 19601-1113
Reading metro Census 10304 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.14M

Owner & transaction history

since 2025
Last sale
$1.2M
2 recorded transactions
2025
$1.2M
2023
$1.0M

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.6M +37.2%
Industrial (general) $1.2M +5.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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