5371 Allentown Pike Temple, PA 19560-1247

This Temple, PA shopping center presents a compelling value-add investment opportunity. Located on Allentown Pike, this two-building property totals 20,000 square feet, with 18,000 square feet of net rentable space across five units. Currently at 50% occupancy, the property offers significant upside potential due to below-market rents. The property boasts excellent visibility and accessibility, featuring ample parking and signage, situated on a high-traffic corridor with over 25,000 vehicles per day. The property benefits from its strategic location near major retailers such as Walmart, Sam's Club, Target, Giant Foods, Chick-fil-A, and Starbucks. Built in 2008 and renovated that same year, the three-story Class C property sits on a one-acre lot and is zoned for commercial use. The current tenants include a laundromat, nail salon, spa, and a "Nerds Shop". The pro-forma NOI is $193,957, indicating a strong potential for increased profitability through lease adjustments and increased occupancy. This fee-simple ownership opportunity offers a chance to capitalize on the exceptional growth within Berks County, driven by the expansion of distribution centers and healthcare industries. The property's gross lease structure provides a straightforward income stream.