Property profile

90 Commerce Dr Reading, PA 19610

OFF-MARKET
Retail space
Property ID
US73-2508342
26,724 SF 5 ac lot Built 1997
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Village Square, located at 90 Commerce Drive in Wyomissing, Pennsylvania (zip code 19610), offers exceptional retail leasing opportunities. This established strip center boasts a total of 34,060 square feet, with multiple spaces currently available. The property is conveniently situated in Berks County, offering excellent visibility and accessibility. Individual spaces range from a minimum of 1,170 square feet to a maximum contiguous space of 4,407 square feet, providing flexibility for various retail businesses. A significant 7,047 square feet is currently vacant, presenting a unique chance to establish a presence in this thriving commercial area. The property's "Village Square" name suggests a well-established location with potential for strong foot traffic and brand recognition. The address is easily accessible, and the property's size and layout are ideal for a variety of retail concepts. This is a prime opportunity for businesses seeking a high-visibility location in a desirable Berks County market. The property's location in Wyomissing, Pennsylvania, offers access to a strong consumer base and ample parking. The available spaces provide a range of sizes to accommodate different business needs, making it an attractive option for both established retailers and new ventures. Interested parties are encouraged to inquire about the available spaces and lease terms. This is a rare opportunity to secure retail space in a well-established center in a highly sought-after location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction FRAME
Total area 26,724 SF
Lot 5 ac (217,800 SF)
APN 4397-13-03-5604
UPID US73-2508342

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
  • Cafe & Coffee Shop
  • Weight Loss Service Health And Beauty Shop

Location

90 Commerce Dr Reading, PA 19610-3313
Reading metro Census 10903 READING, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.61M
Blend (final) Blend
$2.41M

Owner & transaction history

since 2016
4 recorded transactions
2016
$6.3M
2007
$6.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $3.6M +126.6%
Auto repair, garage $2.5M +60.3%
Commercial (general) $1.8M +12.3%

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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