3045 5Th Street HwyReading, PA 19605

For Sale
Call for price

High-Traffic Retail Center, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This 179,629 square foot Class B shopping center in Reading, PA, presents a compelling value-add opportunity. Located on N. 5th Avenue Hwy (Business Highway 222), this one-story center boasts 91.2% occupancy as of September 30, 2024, anchored by a recently renovated building housing Restaurant Depot and Nova Trampoline under new long-term leases. The property also includes a multi-tenant inline building featuring a high-performing Dollar Tree, and four outparcels. A diverse tenant roster includes national, regional, and local businesses. The property sits on 20.18 acres and benefits from a highly trafficked location, strong shadow anchors including Burlington, dense infill demographics, a signalized main entrance, and multiple access points. Built in 1972 and extensively renovated in 2023-2024, this retail center offers significant upside potential in a stable Central Pennsylvania market. The property's strong tenant base and prime location make it an attractive investment for those seeking a well-positioned retail asset with growth opportunities. This is a rare opportunity to acquire a well-established retail center with a proven track record and significant potential for future appreciation.

Highlights

  • Value-add opportunity in a high-traffic retail center.
  • Recently renovated anchor building with new long-term leases to Restaurant Depot and Nova Trampoline.
  • Strong tenant mix including Dollar Tree and other national, regional, and local tenants.
  • Excellent location on N. 5th Avenue Hwy (Business Highway 222) near Reading, PA.
  • Densely populated trade area with strong demographics.

Property Details for 3045 5Th Street Hwy

Property type
Lifestyle centers, Power centers
Square Feet
179,629 SF
Class
B
Year Built/Renovated
1972/2023
Stories
1
Lot Size (sq. ft)
879,041 SF

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.403733
Longitude
-75.9405178
3045 5Th Street Hwy, Reading, Pennsylvania

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3045 5Th Street Hwy
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