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Property profile & analytics

305 N Park Rd Reading, PA 19610

  • Turn key restaurants
  • 6,380 SF
  • 2.45 lot acres
Value Estimations
$555,000
Cap Rate Potential
Location Intelligence
Property ID
US73-2921021
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

  • Willoughby's On Park / Seafood Restaurant / Bar

Property Details for 305 N Park Rd

Year built
1993
Construction
FRAME
Lot size
2.45 lot acres
Property size
6,380 SF
Property type
Turn key restaurants
APN
5307-17-01-3386
APU
530717013386

Description

This exceptional 1.2-acre commercial lot, located at 305 N. Park Road in Wyomissing, Pennsylvania (zip code 19610), presents a unique investment opportunity. Zoned C-2 Retail Commercial within Berks County, this single-tenant property offers significant potential for development. The site is improved and ready for immediate construction, making it ideal for build-to-suit projects or ground lease arrangements. With its convenient location and high visibility, this property is perfectly positioned to capitalize on the thriving retail market in Wyomissing. The lot size is 1.2 acres, providing ample space for a variety of commercial developments. This is a rare opportunity to acquire a prime piece of commercial real estate in a desirable location. The property's C-2 zoning allows for a wide range of retail uses, ensuring flexibility for potential developers. Serious inquiries are encouraged to explore the possibilities of this exceptional land parcel. The property's latitude and longitude coordinates are 40.3408189 and -75.9566204 respectively. This is a single-tenant property, offering a streamlined approach to development and management. Don't miss this chance to secure a valuable asset in a dynamic market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $350,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $762,000
    Market price range: $245k - $762k
  • Alternative Use

    Use
    Estimation
    RESTAURANT
    $850,000
    Current use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Reading
County
Berks
State
Pennsylvania
Longitude
-75.9566
Latitude
40.3406
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
$9,661
$482,600
$220,300
$702,900
-
$482,600
$220,300
$702,900
More about this property
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