3401 Plz Dr Reading, PA 19605-2456
This exceptional retail property, located at 3401 Plaza Dr in Reading, Pennsylvania, presents a unique investment opportunity. The single-story, 22,356 square foot building, constructed in 1989 and renovated in 2005, currently houses a Pep Boys operation under a long-term ground lease. A significant portion of the building, totaling 14,815 square feet, is currently vacant and available for lease. The existing Pep Boys tenant continues its tire and auto repair operations within the building. The vacant space, ranging from approximately 3,200 to 11,500 square feet, is ideally suited for a variety of uses. Potential tenants could include medical facilities (dialysis or plasma centers), daycare centers (for children or pets), discount retailers, furniture stores, tool and hardware retailers, or automotive-related businesses that do not directly compete with the existing Pep Boys services, such as collision repair centers, auto glass shops, or specialized auto parts retailers. Negotiable cash allowances are available for suitable tenants, contingent upon a rent structure that ensures a fair return on investment for property improvements. The property is situated in Berks County, Pennsylvania, and offers excellent visibility and accessibility within a high-traffic area. This presents a compelling opportunity for investors seeking a strong return in a desirable location.
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Pep Boys (Bike/Boat/Book/etc) Store Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.