2802 Papermill Rd Reading, PA 19610-1065
This exceptional 5.6-acre commercial land parcel in Reading, Pennsylvania, presents a remarkable development opportunity. Ideally situated in Berks County, at 2802 Paper Mill Road, this newly subdivided lot boasts a prime location with easy access to Routes 222 and 422, placing it within close proximity to a thriving mix of retail, office, residential, and hospitality establishments. The property is directly across from Broadcasting Square, Pennsylvania's fourth most visited shopping center, ensuring high visibility and accessibility. Zoned POB (Planned Office/Business), this site is perfectly suited for a variety of commercial developments, including office buildings, medical facilities, and other professional services. The property features a signalized intersection at Paper Mill Road, enhancing visibility and accessibility. Furthermore, domestic and fire water service, as well as sanitary service, are already stubbed to the site, streamlining the development process. While the existing stormwater basin and easement may require enlargement to accommodate future construction, this presents a manageable aspect of development. The POB zoning allows for a wide range of uses, including but not limited to office buildings, medical clinics, and various professional services, ensuring flexibility for diverse development plans. This is a rare opportunity to acquire a significant commercial land parcel in a high-demand location with excellent infrastructure and zoning.
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Lin Melissa a MD Physician
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Paul Brockman, MD Physician
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Kelley Crozier, MD Physician
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Crozier Kelley C MD Physician
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Kevin Moser Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
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.