6,000 SqFt
6,000 SqFt
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $83
MLS Listing ID PABK2060538
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $2,195
Tax Year 2023
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Current income is $59,212 with a net operating income (NOI) of $46,391.76, reflecting a strong 9.3% CAP rate. Pro forma projections show income potential of $70,980 and NOI of $58,801.85, pushing the CAP rate to 11.8% with modest rental increases and active management. The stable occupancy and quality infrastructure make this a high-performing asset with immediate cash flow and continued upside.
This property is part of a broader portfolio of over 500+ storage units available throughout the Reading market.
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 No Sewer System
Water None
New Construction N
Schools
School District Reading
Others
Tax ID 16-5316-31-38-5583
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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