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Property profile & analytics

3045 5th St Hwy Reading, PA 19605-2563

  • Outlet malls
  • 107,622 SF
  • 19.15 lot acres
OFF-MARKET
Value Estimation
Last Sale
Dec 06, 2024
$16,800,000
Location Intelligence
Property ID
US73-4918071
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Jetro Restaurant Depot / Grocery Store
  • Restaurant Depot / Wholesale Food Store / Wholesale Grocer
  • OppShop / Thrift Store
  • La Eterna Primavera / Ice Cream Shop
  • Penn Plaza / Shopping Mall

Property Details for 3045 5th St Hwy

Year built
1972
Lot size
19.15 lot acres
Property size
107,622 SF
Property type
Outlet malls
APN
5308-12-86-2670
APU
530812862670

Description

Penn Plaza Shopping Center in Muhlenberg, PA, offers a prime retail opportunity within a 178,389 square foot strip center. Located on PA Route 222, this high-traffic location boasts approximately 20,000 vehicles per day, ensuring excellent visibility for your business. Three spaces are currently available, ranging from 2,949 to 7,363 square feet, providing flexibility for various retail concepts. The center benefits from a strong existing tenant mix including national brands like Sally Beauty Supply, Dollar Tree, and Premier Rentals. Further enhancing the center's appeal are two upcoming anchor stores: Restaurant Depot (opening late March 2024) and Nova Trampoline Park (opening in 2024). This strategic location is conveniently situated 50 miles northwest of Philadelphia and 27 miles southwest of Allentown, providing access to a large customer base in Berks County. With 18,250 square feet currently vacant, this is an exceptional chance to establish or expand your business in a thriving retail environment. The property's substantial size and prime location offer unparalleled potential for growth and success. This is a unique opportunity to become part of a dynamic and expanding retail destination. Contact us to learn more about the available spaces and leasing options.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Reading
County
Berks
State
Pennsylvania
Longitude
-75.9253
Latitude
40.3804
CBSA code
39740
CBSA name
READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$131,300
$4,782,800
$4,565,700
$9,348,500
-
$4,782,800
$4,565,700
$9,348,500
More about this property
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