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3,484 SqFt
3,484 SqFt
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 3,484 sqft
Price per Sqft $40
MLS Listing ID PABK2060528
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $721
Tax Year 2022
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Current net operating income is $8,073.18, with a pro forma NOI of $24,663.00. Current CAP rate is 5.8%, with a projected pro forma CAP of 18%.
This property is part of a larger portfolio of over 500 self-storage units/parking/commercial units currently offered for sale and presents significant upside for an operator focused on lease-up and efficient management. With minimal maintenance and low overhead, the site is well-positioned for increased revenue. The powered oversized unit offers unique appeal to contractors or commercial tenants and should lease quickly.
Ideal for investors seeking steady income with meaningful growth potential.
Additional properties in the portfolio include:
826 Hampden – 17 units
824 Ritter – 13 units
511 Birch – 10 units
340 Locust – 18 units
333 Lombard – 34 units
1536 Haak – 36 units
625 N. 13th – 22 units
1128 Pike – 34 units
1200 N 9th Street – 66 units
306 N 13th Street – 1 unit
1541 Fairview – 8 units
635-R Weiser – 1 unit
521 S 16th Street – 10 units
328 Chestnut – 8 units
1214 Weimer – 10 units
741 Church – 12 units
330 Robeson - 1015 Rose – 96 units
364 Blair – 86 units
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 12-5317-54-14-8917
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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