820 Knitting Mills Way - Restaurant FOR SALE


Wyomissing, PA 19610
$3,400,000 USD
610-779-1400
820 Knitting Mills Way, Wyomissing, PA for Sale
$3,400,000 USD
Restaurant - FOR SALE
1/9
null | 7.06% Cap Rate

820 Knitting Mills Way
Wyomissing, PA 19610


HIGHLIGHTS

  • Extremely Desirable Neighborhood
  • Work Live Play area
  • Very High Avg Household Income

OVERVIEW

High end property in the heart of Wyomissing PA. The property was part of the $100 million redevelopment of the former Vanity Fair Outlets in 2017-2018. The site is home to UGI Energy Services HQ, along with over 250,000 SF of Tower Health Medical Center leased space. In addition, Orthopedic Associates of Reading and Kimberton's Whole Food market are located on-site. The current owner, Sly Fox Brewery, has owned and operated their pub/restaurant/entertainment offerings at the location for the last five years with great success. With their main headquarters located in Pottstown, PA handles all of the brewing and distribution of their premier beers, along with 3rd party labeling for other brands. In addition to their Wyomissing store, they have three other retail locations.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,362 SF

ZONING

-

APN/PARCEL ID

96-5307-17-00-4855

ASK ABOUT THIS PROPERTY

John Buccinno,CCIM SIORNAI Keystone Commercial & Industrial LLCMore Info
610-779-1400

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John Buccinno,CCIM SIORNAI Keystone Commercial & Industrial LLCMore Info
610-779-1400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.