Property profile

3050 N 5Th Street Hwy Reading, PA 19605

FOR LEASE
Theaters & concert halls
Property ID
US73-4966515
26,475 SF 51.18 ac lot Built 1980
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 3050 N 5th Street Hwy in Reading, Pennsylvania (zip code 19605), presents a significant opportunity for lease or sale. The building, a two-story standalone structure, boasts approximately 99,559 square feet of space, ideal for a single tenant. Its prime location within the Reading retail corridor ensures high visibility and accessibility. The property benefits from ample parking, a crucial element for attracting customers. Its strategic placement adjacent to established businesses such as Boscov's, AMC Theatres, and Planet Fitness further enhances its appeal and potential for success. The building's previous occupant was Burlington, indicating a proven track record of retail viability. This substantial space offers a unique chance to establish a flagship location or expand an existing retail operation in a thriving commercial area. The property is classified as a retail anchor space, signifying its importance and potential influence within the shopping center. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent presence in a high-traffic retail environment. The property's size and location make it an attractive investment for businesses seeking significant retail space in a well-established commercial area.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1980
Total area 26,475 SF
Lot 51.18 ac (2,229,401 SF)
APN 5308-11-66-7589
UPID US73-4966515

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Dental Office
  • Cinema Theater & Performing Art Venue
  • Restaurant
  • Gym & Fitness Center

Location

3050 N 5Th Street Hwy Reading, PA 19605
Reading metro Census 12600 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$735k

Owner & transaction history

since 2025
Last sale
$2.0M
2 recorded transactions
2025
$2.0M
2025
$775,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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