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Off Market
1/26

2017 Bernville Rd
Reading, PA 19601


HIGHLIGHTS

  • PRIME Corner-Lot Location with 5.75 Acres Along Rt. 183 with Redevelopment Potential for Retail, Offices, Medical Services,Larger Motel.

OVERVIEW

PRIME 5.75 Acre Corner Property Zoned Light Commercial Located with a 2 Acre Front Lot Parcel Along Rt. 183(at the Corner of Route 183 (Bernville Road) and Barlow Avenue. The Entire 5.75 Acre Property (Listed at $3,900,000) Includes the 2-Acre Front Lot (Along Rt. 183) PLUS a 3.75 Acre Parcel Containing 3 Existing Buildings: a 22,290 SF Motel (EconoLodge), a 40,752 SF Restaurant & Banquet Facility (Riveredge Inn), and a 6,664 SF Night Club (The Silo). The 2-Acre Front Corner Lot Along Rt. 183 (that Can be Purchased Separately for $1,250,000 Subject to a Potential Sub-Division) is Ideal for Development as Retail (Convenience Food/Gas, Fast-Casual Restaurant with Drive-Thru, Pharmacy, Full-Service Restaurant, or Food Store), Offices, or Medical Services (with a Sub-Division Required). The Remaining 3.75 Acres with the 3 Buildings (that Can Also Be Purchased Separately for $2,750,000, Subject to a Potential Sub-Division) is Ideal for a Multi-Family Residential Apartment Development, Office Buildings, or Expanded Motel. An Adjacent 1.98 Acre Residential Property at 520 Frontier Avenue, Reading, PA 19601 (Owned by a Family Member) is Available for an Additional $500,000 with the Potential to be Re-Zoned to Support a Similar Use to the 5.75 Acre Property. This Would Increase the Size of the Development Property to 7.73 Acres. The Property is Located Nearby the Penn State St. Joseph's Medical Center and the Corporate Offices/Industrial Buildings Surrounding the Reading Regional Airport.

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Economy Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

83090

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

335

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

c

APN/PARCEL ID

27-5308-17-01-0321