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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!
| DAYS ON MARKET | 14 | LAST UPDATED | 1/20/2025 |
|---|---|---|---|
| TRACT | READING | YEAR BUILT | 1920 |
| COMMUNITY | Reading City (10201) | COUNTY | BERKS |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | READING |
|---|---|
| Elementary School | LAUERS PARK |
| Jr. High School | SOUTHWEST |
| High School | READING |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Ductless, Electric, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Reading City (10201) |
| CONSTRUCTION | Brick, Concrete, Stucco |
| GARAGE | Yes |
| HEAT | Electric, Forced Air, Natural Gas |
| LOT | 6534 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 76 x 84 |
| PARKING | On Street, Private, Lighted, Paved, Garage, Parking Lot, Off Site |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | READING |
| TAXES | 4760 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| ZONING | Commercial Core District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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