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Property profile & analytics
FOR LEASE
Office buildings

739 Reading Ave Reading, PA 19611

221,090 SF 6.92 ac lot Built 1924
Entity Owned 8-yr Hold Free & Clear
Property ID
US73-2312291
Property summary
AI-generated overview

This exceptional flex office space, located at 739 Reading Ave in West Reading, PA, offers 128,258 square feet of vacant space within a 210,650 square foot building. The property, formerly the Vanity Fair building (Building 202), underwent extensive renovations in 2018, boasting a completely new roof, energy-efficient windows, and a modernized exterior. The interior features a 10'-6" ceiling height, a new HVAC system with eight 20,000 CFM rooftop units, and a state-of-the-art fire sprinkler system compliant with NFPA-13. Modernized restrooms are conveniently located on floors 2, 3, and 4, with additional restrooms on the first floor. Electrical upgrades include two 2500KA pod-mounted transformers. The building offers three elevators (two public, one service) and column spacing of 18' to 20'. Units range from 2,492 to 46,571 contiguous square feet, making it suitable for a variety of businesses. Situated within the Knitting Mills Redevelopment site, this Class B property enjoys proximity to Reading Hospital and the thriving business and retail districts of West Reading and Wyomissing. Nearby amenities include McDonalds, Wawa, Sly Fox Brewing, and Kimberton Whole Foods. The building's location within this master-planned mixed-use project provides excellent visibility and access to a diverse range of businesses and services. Zoned commercial, this property is in Berks County and the West Reading submarket.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1924
Total area 221,090 SF
Lot 6.92 ac (301,435 SF)
APN 5307-17-01-8110
UPID US73-2312291
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$21.77M
Blend (final) Blend
$15.95M
Owner & transaction history
Eighth Avenue Operating LLC · 8 yrs held
Eighth Avenue Operating LLC
since 2017
4 recorded transactions
2019
Price N/A
2017
Price N/A
2017
Price N/A
2017
$150,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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