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1,130 SqFt
1,130 SqFt
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 1,130 sqft
Price per Sqft $61
MLS Listing ID PABK2060546
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $493
Tax Year 2024
Lot Size 1,306 Sqft
Acres 0.03
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
The unit is currently leased to a long-term tenant, generating $7,099 in annual income with a net operating income (NOI) of $5,561.81, reflecting a 7.9% CAP rate. Pro forma projections show income increasing to $10,000 with a corresponding NOI of $8,000, representing an 11.4% pro forma CAP rate.
This low-maintenance property offers stable returns and commercial flexibility, ideal for investors seeking a low-barrier entry into the Reading industrial market.
Additional properties in the portfolio include:
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511 Birch – 10 units
340 Locust – 18 units
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1536 Haak – 36 units
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1128 Pike – 34 units
1200 N 9th Street – 66 units
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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 No Sewer System
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 09-5317-70-21-1949
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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