3229 5th St Hwy Laureldale, PA 19605
Property profile & analytics
3229 5th St Hwy, Laureldale, PA 19605
- Outlet malls
- 52,064 SF
- 6.65 lot acres
Property ID
US73-2696811
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.
Location Intelligence
Current Use by Public Records
- Outlet malls
Property Details for 3229 5th St Hwy
- Year built
- 1960
- Lot size
- 6.65 lot acres
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 5308-08-88-0014
- APU
- 530808880014
Description
Plaza 222, a prime retail strip center in Reading, Pennsylvania, presents a compelling investment opportunity. This 52,064 square foot property sits on a 6.65-acre lot and enjoys a highly visible location along North 5th Street, a major retail thoroughfare boasting 28,000 vehicles per day. The center's strategic position provides exceptional access to key roadways including Route 422 (81,000 VPD), Route 222 (37,000 VPD), and Route 61 (26,000 VPD), ensuring high visibility and convenient access for customers. Currently, there are five available spaces ranging from 1,300 to 6,000 square feet, catering to a variety of retail needs. In addition, a half-acre pad site is available for lease, offering further expansion potential. The property benefits from its proximity to numerous national retailers, including Target, Giant, Walmart, McDonald's, Five Below, and Michael's, creating a strong retail synergy and attracting significant foot traffic. With 16,300 square feet currently vacant, this presents a unique chance to establish or expand a business within a thriving retail environment. The property's size, location, and existing tenant mix make it an ideal investment for businesses seeking high visibility and strong customer traffic in a well-established retail corridor.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,850,000
- ML approach
- $6,850,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,800,000
- 6.5%
- $8,120,000
- 7%
- $7,540,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $8,625,000
- WAREHOUSE, STORAGE
- $8,135,000
- RESTAURANT
- $6,930,000
- OFFICE BUILDING
- $5,230,000
- AUTO REPAIR, GARAGE
- $4,905,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Laureldale
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9261
- Latitude
- 40.3842
- 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
$31,164
$1,493,600
$725,300
$2,218,900
-
$1,493,600
$725,300
$2,218,900
