Oley St. Retail Center 3 Retail Properties Offered at $9,250,000 in Reading, PA

Oley St. Retail Center, also known as The Shops at Roc, presents an opportunity to acquire a stabilized neighborhood retail asset serving Northeast Reading. The property consists of three buildings situated on approximately 3.79 acres and is anchored by Save-A-Lot Grocery Store alongside a diverse mix of long-term retail tenants. The center has maintained stable occupancy and serves as a key retail destination for the surrounding residential community.
The property has benefited from substantial capital improvements over multiple redevelopment phases. Building 8 was constructed in 2011, while the historic former Jackson Rope Factory buildings have undergone extensive renovations, including updates to mechanical systems, roofing, plumbing, electrical infrastructure, windows, fire alarm systems, and life-safety components. The center also features a solar panel installation completed in 2021, generating utility recovery credits that contribute additional operational value.
Located within walking distance of downtown Reading, the asset benefits from a dense residential population, strong pedestrian activity, and convenient access to Route 422, area schools, colleges, employment centers, and regional transportation infrastructure. Reading Senior High School, which recently underwent a significant redevelopment, is located nearby, while Reading Regional Airport is approximately 3.5 miles away. The property's urban infill location, established tenant base, on-site parking, and grocery anchor position it as a durable investment within a market supported by ongoing institutional, educational, and transportation-related development.
The combination of stable tenancy, recent capital investment, operational efficiencies, and proximity to key community amenities offers investors a well-maintained retail asset with potential upside through future rent growth and continued market appreciation.