19,000 SqFt
19,000 SqFt
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 19,000 sqft
Price per Sqft $63
MLS Listing ID PABK2060562
Year Built 1930
Available Date 2025-07-28
Annual Tax Amount $1,394
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Current income stands at $115,543 with a net operating income (NOI) of $90,250.08, reflecting a 7.5% CAP rate. The pro forma income projects $178,650 with an NOI of $142,848, yielding a compelling 12% pro forma CAP rate. The properties are not available separately, and all performance metrics reflect their combined operations.
This package presents a rare opportunity for investors seeking immediate scale, stable cash flow, and a high-performing asset in the Reading self-storage 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
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer No Sewer System
Water None
New Construction N
Schools
School District Reading
Others
Tax ID 14-5307-50-76-1129
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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