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12 Parkside Ave
Reading, PA 19607
STNL Santander Bank | Absolute NNN · Retail Property For Sale
Investment Highlights
- Recently Extended Santander Bank
- Located just outside of Reading – the midpoint between the Lehigh Valley & Lancaster
- Situated on 1.28 Acre, with 32 private parking spaces
- Quality Credit tenant (S&P – A1 | Moody’s – A2)
- Adequate traffic count of 11,528 ADT (Revere Blvd)
- 12th highest deposit count of all banks within a 5-mile radius (24 total branches)
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
5,468 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.28 AC
Zoning
HC
Parking
32 Spaces (5.85 Spaces per 1,000 SF Leased)
About 12 PARKSIDE AVE , READING, PA 19607
Retail; Berks County Equity Retail Brokers is pleased to offer qualified investors the opportunity to acquire the sale of a Santander Bank branch in Shillington, PA with over $132 Million in deposits in 2022 (Source: FDIC). Shillington is an immediate suburb of the City of Reading located in Berks County, PA. This asset sits on approximately 1.28 acres, and has been operating very successfully as branch since February, 1997. Originally an office for Sovereign Bank, the control of this branch was transferred to Santander Bank after their acquisition of Sovereign in 2011.
Property Taxes
| Parcel Number | 39-4395-06-39-0914 | Improvements Assessment | $471,300 |
| Land Assessment | $136,600 | Total Assessment | $607,900 |
Property Taxes
Parcel Number
39-4395-06-39-0914
Land Assessment
$136,600
Improvements Assessment
$471,300
Total Assessment
$607,900
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