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401 Madison Avenue 1 Acre of Commercial Land Offered at $1,500,000 in Reading, PA 19605
Investment Highlights
- High Visibility
- Positioned at the signalized intersection of Madison Avenue and Route 222, providing strong visibility and convenient regional access.
- Situated along the N. 5th Street (Route 222) corridor, which carries approximately 17,570 vehicles per day.
- Proximity to top retailers
- Located approximately 500 feet from the Route 222 and Route 12 interchange, connecting the property to Reading, Berks County
- Benefits from proximity to Route 12, where traffic counts are reported at approximately 33,479 vehicles per day.
Executive Summary
Equity CRE is pleased to offer the opportunity to purchase or lease ±1.0 acres of land with a vacant ±2,200 SF building in Reading, PA. Located at 401-405 Madison Ave, Reading, PA, the property consists of a former Pizza Hut and additional vacant land. It sits on the signalized intersection of Business US-222 and Madison Ave, providing excellent visibility to vehicular traffic.
Property Facts
| Price | $1,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.00 AC |
| Property Type | Land | ||
| Zoning | C3 - Commercial | ||
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.00 AC |
| Zoning | C3 - Commercial |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 1.00 AC |
| Price Per AC | $1,500,000.00 |
| Price | $1,500,000 |
| Price Per AC | $1,500,000.00 |
| Lot Size | 1.00 AC |
Description
Located in northern Reading, the property is about ½ mile from the interchange of Business Route 222 and Route 12, which intersects with US-422 and connects into Highway US-222, ultimately taking traffic to the PA Turnpike. The Madison Ave & Bus. 222 intersection features retailers such as Lowe’s and BJ’s Wholesale Club. Lowe’s ranks in the top 71% of all Lowe’s locations nationwide for visitation volume (Placer.ai). The BJ’s Wholesale Club is their only location in a 15-mile radius.
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 66-5308-16-74-7606 | Improvements Assessment | $135,900 |
| Land Assessment | $189,900 | Total Assessment | $325,800 |
Property Taxes
Parcel Number
66-5308-16-74-7606
Land Assessment
$189,900
Improvements Assessment
$135,900
Total Assessment
$325,800
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