633 Lancaster Avenue Reading, PA $ 1,250,000
633 Lancaster Avenue
$ 1,250,000
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633 Lancaster Avenue

Reading, PA, 19611
$ 1,250,000
Baths0.0 Sq 9,730

Monthly Estimate*

$ 8,308

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Studio

Commercial Property for sale in Reading, PA

for $1,250,000. This 9,730 square foot building was built in 1920 on a lot size of 0.56.

Welcome to 633 E Lancaster Avenue, a prime commercial property nestled in the heart of the bustling Lancaster Avenue corridor. Boasting a strategic location and an array of desirable features, this investment opportunity presents a lucrative prospect for savvy investors seeking high income-producing assets. Situated on the vibrant Lancaster Avenue corridor, this property enjoys maximum exposure to high traffic flow, ensuring exceptional visibility and accessibility for businesses. Spanning an expansive 9760 square feet, the building offers ample space to accommodate various commercial endeavors. Additionally, the property rests on a generous .56-acre lot, providing substantial room for expansion or development. With over 40 parking spaces available, convenience is prioritized for customers and tenants alike, enhancing the property's appeal and accessibility. Currently leased to a reputable Collision Center, the property benefits from a stable income stream. Furthermore, the tenant assumes responsibility for water, sewer, taxes, and utilities, alleviating the landlord of additional operational costs. This property presents a compelling addition to any investment portfolio, boasting high income-producing potential fueled by its prime location and established tenant. With its strategic location, sizeable footprint, and attractive lease terms, 633 E Lancaster Avenue represents an enticing investment opportunity for discerning investors. Whether seeking to diversify an existing portfolio or capitalize on the thriving commercial landscape of Lancaster Avenue, this property promises enduring value and lucrative returns. Don't miss out on the chance to secure a foothold in one of the region's most coveted commercial corridors. Schedule a viewing today and seize the opportunity to elevate your investment portfolio with this exceptional property.

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Commercial Active

Price

$ 1,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,502

Style

Lot Size

0.56

Year Built

1920

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2041050

Features
Interior
Heating Fuel Electric Natural Gas
Flooring Vinyl
Hot Water Natural Gas
Heating Y/N Y
Street Suffix AVENUE
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Negotiable
Roof Pitched Rubber Shingle
Zoning CH
Security Features Fire Detection System Security System Smoke Detector
Construction Materials Aluminum Siding Block Brick Mixed Plumbing
Year Built 1920
Electric 3 Phases
Property SubType Retail
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality READING CITY
Business Type Other
Accessibility None
County BERKS
Net Operating Income 95105.44
Operating Expense 3500.00
New Construction N
Property Type Commercial Sale
Possible Use Bar/Tavern/Lounge Barber/Beauty Automotive Beer/Wine/Liquor Car Wash Clothing Commercial Convenience Store Day Care Dry Cleaner Food & Beverage Florist/Nursery Food Market Hotel/Motel Laundromat Liqu
Water Access Y/N N
Status ACTIVE
Directions 422 to Rt 222 S BUS to 633 Lancaster Ave property is on the Right
City READING
Buyer Agent Compensation 2.5
Zoning Description Commercial Highway
Total Units 0
MLS Area Reading City (10201)
Lot Size Square Feet 24393.00
Waterfront Y/N N
Street Name LANCASTER
Tax Annual Amount 15502.0
Price Per Sq Ft 128.47
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Days on Market 48
Standard Status Active
Year Built Source Estimated
Tax Lot 1858
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Paved Parking
Water Source Public
Type of Parking Parking Lot
Foundation Details Brick/Mortar
Water View Y/N N
Building Area Total 9730.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.56
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 201200.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 633
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* Excluded Features
List By
Century 21 Gold

Broker

aborelli@c21gold.com

Email

Affordability Calculator

$9,600
Per Month
87%
13%
0%
Monthly Principal & Interest
$8,308
Monthly Property Taxes
$1,292
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2024$1,250,000 Listed Price

Map


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633 Lancaster Avenue, Reading, PA, 19611 is a Commercial Property for sale at $1,250,000 with 9,730 sqft and a lot size of 0.56. 633 Lancaster Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 19611 which is in Reading, PA