Property Attributes
- MLS#PABK377744
- TypePending
- CountyBERKS
- CityReading
- AreaReading City
- Zip19611
- StyleGeneral Retail,Storage,Professional
- Year Built1974
- Taxes$ 13521
- Price$ 999,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6910
- Lot Size1.13 Acres
Data Source:
Bright MLS
Property Description
Fantastic Commercial Investment! 5 unit Office/Retail Center with 36 storage units near major roadways. Fully occupied by great tenants. Enterprise Rent-a-Car (left corner $3,400/mo) anchor tenant with long term multi-year lease with escalating lease rents. They also reimburse for water and taxes. Additional long-term tenant on right corner of building that called Pillar Lounge ($1,700/mo). Interior tenants, CB Shop ($500/mo), Reading Education Association ($750/mo), Advance Scale ($750/mo). New 'Conklin' Roof made from specialized acrylic which provides a waterproof and long lasting barrier against the elements.
Price History | |
---|---|
5/18/2021 | Listed $1,050,000 |
6/9/2021 | 5% - $999,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | 90% Forced Air |
Cooling | Central A/C |
Utilities | Water Available,Sewer Available,Phone,Cable TV,Electric Available,Natural Gas Available |
Possession | Settlement |
Roof | Flat,Asphalt,Rubber |
Zoning | COMMERCIAL |
Security Features | Fire Detection System,Smoke Detector |
Construction Materials | Block,Stucco,Brick |
Exclusions | no exclusions |
Year Built | 1974 |
Electric | 200+ Amp Service |
Property SubType | Mixed Use |
Tax Year | 2021 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Gross Income | 114978.00 |
OwnerPays | Water,Sewer,Trash Collection,Snow Removal,Lawn/Shrub Care |
Business Type | Other/General Retail,Storage,Professional |
Accessibility | 2+ Access Exits |
County | BERKS |
Net Operating Income | 79691.00 |
Operating Expense | 18570.00 |
Insurance Expense | 2700.00 |
New Construction | No |
Property Type | Commercial Sale |
MaintenanceExpense | 3000.00 |
Water Access Y/N | No |
Property Use | Investment |
Status | PENDING |
Directions | Located on Rte 10 near Business Route 222 (Lancaster Ave). Easy on/off access to Rte 422. |
ModificationTimestamp | 2023-12-13T18:17:38 |
City | READING |
Buyer Agent Compensation | 2 |
Zoning Description | Commercial - Highway District |
MLS Area | Reading City (10201) |
Lot Size Square Feet | 49223.00 |
Tax Assessed Value | 309300.0 |
Waterfront Y/N | No |
Street Name | MORGANTOWN |
Tax Annual Amount | 13521.0 |
Property Condition | Very Good |
Trash Expense | 1050.00 |
Price Per Sq Ft | 237.86 |
Historic Y/N | No |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 112 |
Location Type | Business District |
Standard Status | Pending |
Year Built Source | Assessor |
Tax Lot | 6458 |
Total Actual Rent | 114000.00 |
Cap Rate | 8.00 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Flooring | Carpet,Ceramic Tile,Laminated |
Hot Water | Electric,Natural Gas |
Heating Y/N | Yes |
Street Suffix | ROAD |
Central Air Y/N | Yes |
Total Restrooms | 7 |
Exterior Features
Water Source | Public |
---|---|
Total Parking Spaces | 53 |
Type of Parking | Parking Lot |
Land Use Code | 4280 |
Foundation Details | Slab,Concrete Perimeter |
Water View Y/N | No |
Building Area Total | 4200.00 |
Lot Dimensions | 0.00 x 0.00 |
Lot Size Acres | 1.13 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 80900.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 50 |
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