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Property profile & analytics
OFF-MARKET Estimated value $985,000
Retail space

2500 Lancaster Pike Reading, PA 19607-2327

6,884 SF 0.82 ac lot Built 1975
Entity Owned 26-yr Hold Free & Clear
Property ID
US73-1155225
Property summary
AI-generated overview

This exceptional investment opportunity presents a 11,139 square foot, single-story retail building situated on a 1.2-acre lot at 2500 Lancaster Pike in Reading, Pennsylvania (zip code 19607). The property boasts a highly visible location in a strong commercial corridor serving the Shillington-Reading market, benefiting from approximately 11,000 vehicles passing daily. The building's prime location ensures excellent accessibility and ample parking. Currently generating a net operating income (NOI) of just over $80,000, this property offers a compelling return on investment. The building is comprised of both retail and residential components, including a 2,150 square foot home. This versatile property is ideal for investors seeking a well-established, income-producing asset in a thriving market. The asking price for this exceptional retail center is $1,500,000. This is a rare opportunity to acquire a substantial retail property with significant upside potential in a high-traffic area. The property's size and location make it an attractive option for a variety of commercial uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Total area 6,884 SF
Lot 0.82 ac (35,719 SF)
APN 4385-12-86-9585
UPID US73-1155225
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
AI Approach AI
$990k
CAP Approach CAP
$1.08M
Comparable Approach Comparable
by Request
Blend (final) Blend
$985k
Owner & transaction history
Tallyrand Group LP · 26 yrs held
Tallyrand Group LP
since 2000
Last sale
$1.0M
1 recorded transaction
2000
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.1M +182.0%
Restaurant $915,000 +126.6%
Office building $690,000 +71.1%
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