MLS® ID: PABK343552
237 W LANCASTER AVENUE
READING, Pennsylvania, 19607 $385,000
Excellent 5 unit Investment opportunity on a highly visible corner lot in the borough of Shillington. Relocate, or start a new business in the main level office space with road frontage on Lancaster Ave. There is approximately 1034 sq. ft. of immediately available office space, consisting of a 20 x 28 main level office room & additional office/storage room and ~ bath in the lower level. The main building also has 2 residential apartments, 1 on the main level & 1 on the 2nd and 3rd floors. There is a 2nd detached building that includes 2 apartments and 5 garages renting @ $75 each. The units are separately metered for heat, hot water and electric. Recent upgrades include roof, vinyl siding, some replacement windows. The units are clean and modern with updated kitchens & bathrooms. This building is ideal for a commercial owner occupant who wants to generate additional income, or buy for an investment with an 11% return. The commercial space is vacant and available for immediate occupancy, all 4 residential units are occupied.