Address
19 N 6Th Street, Reading, PA
Price
$ 3,200,000
Property Attributes
- MLS#PABK2040004
- TypeCommercial
- CountyBERKS
- CityReading
- AreaReading City
- Zip19601
- StyleProfessional
- Year Built1976
- Taxes$ 59944
- Price$ 3,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage26
- Lot Size12,197 SqFt
Data Source:
Bright MLS
Property Description
Right in the heart of Reading, this property is ready for a new owner. 19 North 6th Street is occupied by long-reliable tenants, it is positioned right by the Courthouse, a parking garage, and local government offices. The property is in an economic opportunity zone and with most of the tenants being non-profit or County Agencies; you can apply for potential tax relief. There is over 60k in leasable square feet and the courtyard provides an excellent outdoor space for employees to get some fresh air and enjoy their lunch break. The current owner would like to stay and occupy space which leaves just one vacancy on the 5th floor. The projected monthly cash flow is 16k. Perfect for an owner occupant or investor.
| Price History | |
|---|---|
| 2/27/2024 | Listed $3,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Central A/C |
| Possession | Settlement |
| Zoning | KOZ |
| Security Features | Desk in Lobby |
| Construction Materials | Brick |
| Exclusions | All personal property |
| Year Built | 1976 |
| Property SubType | Office |
| Tax Year | 2024 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Air Conditioning,All Utilities,Common Area Maintenance,Snow Removal,Taxes - Real Estate |
| Business Type | Professional |
| Accessibility | Elevator |
| County | BERKS |
| Net Operating Income | 16000.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Property Use | Owner User |
| Status | ACTIVE |
| Directions | Take 222 Business into Reading,head East on Penn Street,then North onto N 6th Street. |
| ModificationTimestamp | 2024-02-27T11:39:25 |
| City | READING |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Commercial Office |
| MLS Area | Reading City (10201) |
| Lot Size Square Feet | 12196.80 |
| Tax Assessed Value | 1350000.0 |
| Waterfront Y/N | No |
| Street Name | 6TH |
| Tax Annual Amount | 59944.0 |
| Price Per Sq Ft | 48.48 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 64 |
| Location Type | Business District |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 4485 |
| Cap Rate | 5.00 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Total Stories | 5 |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| Number of Elevators | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | Kitchen appliances on all levels. |
| Type of Parking | On Street,Public Garage |
| Land Use Code | 4121 |
| Water View Y/N | No |
| Building Area Total | 66000.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.28 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 429000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19601
Price
Taxes
Visits
Year Built
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