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Property profile & analytics
FOR LEASE
Turn key restaurants

305 N Park Rd Reading, PA 19610

6,380 SF 2.45 ac lot Built 1993
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-2921021
305 N Park Rd, Reading, PA 19610 For Lease
Contact for pricing
305 N Park Rd, Reading, PA 19610
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction FRAME
Total area 6,380 SF
Lot 2.45 ac (106,722 SF)
APN 5307-17-01-3386
UPID US73-2921021
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
Current use
Occupant on record · Public records
  • Willoughby's On Park Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cage Partners LLC · 13 yrs held
Cage Partners LLC
since 2013
Last sale
$3.5M
6 recorded transactions
2013
Price N/A
2013
$875,000
2012
$5,800
2006
$2.8M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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