3,400 SqFt
3,400 SqFt
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $104
MLS Listing ID PABK2060534
Year Built 1890
Available Date 2025-07-28
Annual Tax Amount $2,815
Tax Year 2022
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Current income stands at $34,170 with a net operating income (NOI) of $25,591.67, producing a 7.2% CAP rate. With improved lease-up and rent optimization, pro forma projections show income of $49,500 and NOI of $42,436.40, yielding a 12% CAP rate. The property's low overhead, dependable residential tenant, and multi-use potential make it an ideal option for both new and seasoned investors.
This site is part of a larger portfolio of over 500 self-storage units currently offered for sale, providing additional scale and upside across all locations.
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 Natural Gas
Heating Radiant
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 09-5317-70-12-3216
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard

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