PA > Reading
Reading, PA 19606,521 S 16TH ST
Reading, PA 19606,521 S 16TH ST
Reading, PA 19606,521 S 16TH ST
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Dave Marcolla

Dave Marcolla

+1(609) 423-9147
Listed by Beau McGettigan • KW Commercial
$ 135,000
Est. payment | /mo

2,100 SqFt

Save
$ 135,000
Est. payment | /mo
Save

2,100 SqFt

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 2,100 sqft

Price per Sqft $64

MLS Listing ID PABK2060552

Year Built 1967

Available Date 2025-07-28

Annual Tax Amount $924

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Special Purpose

Source BRIGHT

Property Description

521 S 16th Street, Reading PA features 10 self-storage units and 4 off-street parking spaces, all within a gated, secure facility. The mix includes six 9x17 units along with four larger units, all equipped with roll-up doors. The added parking component provides additional income potential, making this a flexible and efficient income-producing asset.

Current income is $15,989 with a net operating income (NOI) of $12,602.84, delivering a current CAP rate of 9.3%. Pro forma projections show income at $18,500 and an NOI of $14,800, yielding a pro forma CAP rate of 11%. With minimal maintenance and strong tenant demand, this property offers reliable returns with upside potential.

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 Public Sewer, Other

Water None

New Construction N

Schools

School District Reading

Others

Tax ID 16-5316-32-37-9537

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Bright MLS (BMLS)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(609) 423-9147

dave@marcollarealty.com

444 S State St, Newtown, PA, 18940, USA

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521 S 16TH ST

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