Technical
Financial
Distress signals
Property profile

3229 5th St Hwy Laureldale, PA 19605

OFF-MARKET
Outlet malls
Property ID
US73-2696811
52,064 SF 6.65 ac lot Built 1960
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

3229 5th St Hwy Laureldale, PA 19605
Laureldale metro Census 12600 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

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

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

Top alternative use upside
Medical building $8.6M +182.0%
Warehouse, storage $8.1M +166.0%
Restaurant $6.9M +126.6%

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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