Reading PA Commercial for Sale
- Type:
- Mixed Use
- Sq.Ft.:
- 8,820
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- PABK2052688
- Subdivision:
- Reading
ADDITIONAL INFORMATION
Check out this amazing investment opportunity in the heart of Reading! This versatile commercial property, with nearly 9,000 sq. ft. has the potential for a CAP rate over 11 and is already approved for 4 spacious apartments, each featuring 2 bedrooms and 1,100 sq. ft. of living space. The first floor offers endless possibilities. While it has been previously used as a seafood market and furniture store, it has already received approval for a daycare. Other potential uses could include retail, office space, or your own custom vision. The property is equipped with 3-phase electric, a side entrance for deliveries, and boasts a prime location close to the bus station, downtown Reading, Santander Arena, The GoggleWorks, and Reading IMAX Theatre. This property offers excellent visibility and foot traffic and is situated in a designated Tax Opportunity Zone, offering unique tax benefits to investors. Take advantage of this prime investment opportunity! Sketches, permits, contractor estimates, and additional documentation available upon request, making it easy for you to evaluate and plan your next steps. Reach out today for more information or to schedule a showing!
- Type:
- Multi-Family
- Sq.Ft.:
- 3,049
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PABK2046260
- Subdivision:
- None Available
ADDITIONAL INFORMATION
6 Parcel TURNKEY Investment including 24 units, 2 of which are commercial and 40 Parking spaces. This package brings in 311,000 in gross rents and reflects a net operating income of aprox 240,000 and 7.7% cap rate. With all rents set at market value this package is making money from day 1. THE FOLLOWING ARE INCLUDED: 405 Walnut Street, Reading PA 19601 Tax ID 07-5307-74-71-3483 108 S 6th St Reading PA 19602 Tax ID 04-5306-27-89-3417 114 S 6th St Reading PA 19602 Tax ID 04-5306-27-89-2432 115 S 6th, Reading PA 19602 Tax ID 04-5306-27-89-5444 39 S 9th St 19602 Tax ID 03-5316-21-09-1734 43 S 9th St Reading PA 19602 Tax ID 03-5316-21-09-1702 405 Walnut - 3 units featuring ceramic tile flooring throughout, two large balconys/decks and fenced yard, bathroom tile upgrades in Apt 1 &3, all units pay their own electric (3rd floor electric heat), Landlord pays gas heat for Apt 1 and 2. and water for the Bldg 108 S 6th St - 5 unit mixed use ( 1st fl commercial) New appliances, microwaves, Porcelain Tile Throughout, Ceilings replaced With Drywall, New Double Hung Windows, Bathrooms Updates in, Apt 1,2F, 2R, 3, Cable, Separate Utilities including tenant paid electric heat. (sub panel in each apt), Security Cameras Installed 2021, 2 income producing Parking Spaces (Driveway) MORE DETAILS AND PHOTOS TO FOLLOW!!!
$1,550,000
200 Penn Street Reading, PA 19602
- Type:
- Mixed Use
- Sq.Ft.:
- 22,410
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.72 Acres
- Year built:
- 1896
- Baths:
- MLS#:
- PABK2039290
ADDITIONAL INFORMATION
One of the most visible and known buildings in Reading, Pa. This classic is located at the corner of 2nd and Penn Streets, on the main artery into the Downtown Reading area. Incredible architecture dates back to 1896 when this building was built as the Keystone Firehouse. In 1986 the property was dramatically updated and expanded with the addition of a three story modern office structure. Now, at over 22,400 sq. ft. of space, this property is poised to meet a variety of office, retail, service and restaurant type uses. Zoning is CC (Commercial Core) along with PSO (Penn Street Overlay). The building can be used by a single occupant or, given the layout, it would lend itself well to multi-tenant opportunities. Topping it off is a 59 car parking lot providing excellent access for tenants, customers and guests.
- Type:
- Multi-Family
- Sq.Ft.:
- 1,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.04 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PABK2038696
ADDITIONAL INFORMATION
Stop worrying about residential tenant issues and invest in some storage/garage space. This set of garages offers 10 9 x 20 garages. One unit is currently a double unit. This is a high occupancy property with usually 100% of the units being occupied. Have the tenants pay down your debt and gain equity. This property has newer doors and roof.
© BRIGHT, All Rights Reserved - The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Xome Inc. participates, and is provided by BRIGHT through a licensing agreement. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
Reading Real Estate
The median home value in Reading, PA is $206,000. This is lower than the county median home value of $257,000. The national median home value is $338,100. The average price of homes sold in Reading, PA is $206,000. Approximately 35.83% of Reading homes are owned, compared to 53.93% rented, while 10.24% are vacant. Reading real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Reading real estate agent to arrange a tour today!
Reading, Pennsylvania 19602 has a population of 94,161. Reading 19602 is less family-centric than the surrounding county with 25.89% of the households containing married families with children. The county average for households married with children is 28.1%.
The median household income in Reading, Pennsylvania 19602 is $38,738. The median household income for the surrounding county is $69,272 compared to the national median of $69,021. The median age of people living in Reading 19602 is 30.8 years.
Reading Weather
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 20.9 degrees. The average rainfall is approximately 44.7 inches per year, with 18.3 inches of snow per year.