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Property profile & analytics
OFF-MARKET Estimated value $6,850,000
Outlet malls

3229 5th St Hwy Laureldale, PA 19605

52,064 SF 6.65 ac lot Built 1960
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US73-2696811
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1960
Total area 52,064 SF
Lot 6.65 ac (289,674 SF)
APN 5308-08-88-0014
UPID US73-2696811
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.85M
CAP Approach CAP
$8.12M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.85M
Owner & transaction history
Ners Properties III LLC · 2 yrs held
Ners Properties III LLC
since 2024
Last sale
$6.9M
6 recorded transactions
2025
Price N/A
2024
$6.9M
2018
Price N/A
2012
Price N/A
2011
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $8.6M +182.0%
Warehouse, storage $8.1M +166.0%
Restaurant $6.9M +126.6%
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