45 Constitution Blvd, Unit 2, Kutztown, PA 19530
- Retail space
- 28,280 SF
- 4.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 45 Constitution Blvd
- Year built
- 1966
- Lot size
- 4.06 lot acres
- Property type
- Retail space
- APN
- 5443-12-87-9425
- APU
- 544312879425
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 13, 2022 | $5,600,000 | Kutztown Plaza LLC | Kutztown Village 2012 LP | Deed | $3.9M · Oceanfirst Bank |
| May 3, 2012 | $4,025,000 | Kutztown Village 2012 LP | Kutztown 2001 LLC | Deed | $2.9M · Webster Bank NA |
| Oct 16, 2001 | $24,800 | Kutztown 2001 LLC | Glimcher Properties LP | Warranty Deed · related | $2.2M · Sovereign Bk |
| — | — | Glimcher Properties LP | — | Deed Of Trust · related | $61.7M · Lehman Brothers Bk |
| — | — | Kutztown Village 2012 LP | — | Loan Modification · related | $4.1M · Webster Bk NA |
Description
Kutztown Village offers a unique opportunity for retailers seeking a prominent location in a thriving market. This 39,612 square foot retail shopping center is strategically situated off Constitution Boulevard in Kutztown, Pennsylvania, boasting excellent visibility and accessibility. The property enjoys a prime location near the main residential area within the rapidly expanding Kutztown market, benefiting from its proximity to Route 222, a major thoroughfare with a daily traffic count of 21,000 vehicles. Its less-than-one-mile distance from Kutztown University provides a significant advantage, tapping into a substantial student and faculty population. Currently, one retail space of 5,000 square feet is available, presenting a rare chance to establish a presence in a highly sought-after retail corridor with limited vacancies. The property sits on a 4.6-acre lot, offering ample space and potential for expansion or outdoor amenities. This free-standing, multi-tenant strip center provides a strong foundation for business growth within a dynamic and expanding community. The combination of high traffic counts, proximity to a major university, and limited available space makes Kutztown Village an exceptional investment opportunity for discerning retailers. Don't miss this chance to secure a prime retail location in a rapidly growing area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,335,000
- ML approach
- $5,735,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,780,000
- 6.5%
- $4,410,000
- 7%
- $4,095,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $4,550,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kutztown
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.7752
- Latitude
- 40.5174
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
