600 PennWest Reading, PA 19611

  • Retail properties
  • 13,676 SF
Off market
$402,809 Estimated

Property Details for 600 Penn

Year built
1925
Lot size
0.12 AC
Property size (Sq ft)
13,676 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
5307-17-10-7124
APU
530717107124

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,103,009
    6.5%
    $2,864,316
    7%
    $2,659,722
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,642,646
    Geo Method
    $4,503,004
  • Alternative Use

    Use
    Valuation
    Residential
    $2,416,158
    Hospitality
    $2,213,188
    Educational
    $1,841,346
    Medical
    $1,904,673
    Retail
    $2,864,316
600 Penn, West Reading, Pennsylvania

Location Insight

City
West Reading
County
Berks
State
Pennsylvania
Latitude
40.3355
Longitude
-75.9499
CBSA code
39740
CBSA name
READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $234,900
  • Assessed land value
    $98,000
  • Assessed value
    $332,900
  • Tax year
    2024
  • Tax bill
    $7,139

FAQs

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