6,600 SqFt
6,600 SqFt
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $75
Subdivision None Available
MLS Listing ID PABK2060540
Year Built 1920
Available Date 2025-07-28
Annual Tax Amount $3,032
Tax Year 2010
Lot Size 5,663 Sqft
Acres 0.13
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Current income is $62,522 with a net operating income (NOI) of $46,368.75, producing a healthy 9.3% CAP rate. Pro forma projections show income potential of $70,000 and NOI of $56,000, raising the CAP rate to 11.2% with market adjustments and renewed lease focus. The varied tenant base and income-producing components make this a highly attractive property for investors seeking cash flow with growth potential.
This property is part of a larger portfolio of 500+ storage units currently available across 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 Natural Gas
Heating Forced Air
Cooling Central A/C
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 12-5317-54-23-2785
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "