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**For Sale: Versatile Commercial Building with Development Potential** Explore a prime opportunity with this solid commercial building, fully approved for use as a school, accommodating **80 students and 30 staff members**. This professionally renovated property features a generous **15,556 sq. ft.** spread across two stories. The **handicap-accessible first floor** covers **7,893 sq. ft.**, while the **second floor** spans **7,663 sq. ft.** Each level has its own designated entrance, allowing for separated use by different tenants, providing flexibility and convenience. Zoned **HM (Heavy Manufacturing)**, this building offers many potential uses. Most recently operated as a special needs school, it could easily be transformed into a charter school, technical or vocational school, special needs facility, or large adult/toddler daycare. The zoning also accommodates manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, self-storage facilities, and more. Strategically located just blocks off the exit ramp for **Lancaster Ave. on Route 422**, this property is in close proximity to **Alvernia University**, providing excellent access to regional destinations. It is approximately **2.5 hours from NYC**, **1.5 hours from Harrisburg**, **1.25 hours from Philadelphia**, **1 hour from Allentown and Hershey**, and **45 minutes from Lancaster**. The surrounding area has experienced significant development and growth in recent years, with favorable local government initiatives encouraging new businesses to set up shop. The local **Penn State Health/St. Joseph's Medical Center** is expanding, and the nearby **AW Golden lot** is being transformed into a strip mall with a grocery anchor, further enhancing the appeal of this location for future business opportunities. This property is ripe for your growing business! It is also listed as a commercial lease under **MLS# PABK2043300**. Don't miss out on this exceptional opportunity"”contact us today for more information or to schedule a viewing!
| DAYS ON MARKET | 266 | LAST UPDATED | 3/28/2025 |
|---|---|---|---|
| YEAR BUILT | 1940 | COMMUNITY | Reading City (10201) |
| COUNTY | BERKS | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | READING |
|---|---|
| High School | READING SENIOR |
| PRICE HISTORY | |
| Prior to Feb 13, '25 | $1,495,000 |
|---|---|
| Feb 13, '25 - Mar 28, '25 | $945,000 |
| Mar 28, '25 - Today | $845,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Reading City (10201) |
| CONSTRUCTION | Block, Brick |
| HEAT | Electric, Oil, Other |
| LOT DESCRIPTION | Back Yard, Other, Sloped, Zero Lot Line |
| LOT DIMENSIONS | 130 x 135 |
| PARKING | On Street, Paved, Parking Lot |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 11899 |
| UTILITIES | Cable Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Electricity Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Street, Other, City |
| WATER | Public |
| ZONING | Heavy Manufacturing, currently complies for use as a school for students over 2.5 years old. |
MORTGAGE CALCULATOR
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