MLS® ID: PABK343552

237 W LANCASTER AVENUE

READING, Pennsylvania, 19607

$385,000 Pending
  • 3 Baths
  • - SQFT
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.
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Listing courtesy of RE/MAX Of Reading

Amenities

  • Full baths
    0
  • Half baths
    0
  • Full Baths Range
    3 Baths
  • Total Baths
    3
  • Zip
    19607
  • Office name
    RE/MAX Of Reading
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Commercial Sale
  • Zoning type
    COM
  • School district
    GOVERNOR MIFFLIN
  • Year built
    1900
  • Lot size
    0.2
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Agent name
    Randy L Weidner
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    < 1000 sq ft.
  • Bedrooms Range
    0 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    RMREADIN
  • Agent ID
    3142221

Location

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