2,400 SqFt
2,400 SqFt
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $31
MLS Listing ID PABK2060550
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $315
Tax Year 2023
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Current income is $8,100 with a net operating income (NOI) of $6,679.47, reflecting a strong 8.9% CAP rate. Pro forma projections show income of $9,500 and an NOI of $7,600, pushing the pro forma CAP rate to 10.1%. With low overhead and steady demand for industrial storage, this property offers dependable cash flow and room for upside.
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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 15-5307-57-53-1940
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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