Parkview Avenue

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Parkview Avenue

Reading, PA 19606
Asking Price
$230K
Asset Type
Land
Class
Class B

What's Special

This land parcel is located along Parkview Avenue in Reading, Pennsylvania, situated within a mixed-use corridor characterized by established residential neighborhoods and commercial operations. The property provides immediate proximity to State Route 422 and Route 222, facilitating regional connectivity throughout Berks County. Local amenities include the nearby Reading Public Museum, several municipal parks, and a variety of retail centers and healthcare facilities. The location is served by regional transit lines, enhancing accessibility for commuting staff and logistics providers. The site is suited for professional office development, light industrial facilities, or multifamily housing, subject to local zoning compliance. The geographic positioning makes it an appropriate choice for owner-users seeking a central hub in the Greater Reading area or developers targeting the region’s growing demand for infill projects. Potential tenants typically include corporate entities requiring regional satellite offices, medical practitioners, or local service providers seeking high visibility and convenient arterial access.

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NOI
$80,000
Cap Rate
34.78%
DSCR
5.86
Strong
Cash-on-Cash
96.15%
Monthly Payment
$1,137.915
Annual Cash Flow
$66,345.026

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