5,663 Sqft Lot
5,663 Sqft Lot
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID PABK2060540
Year Built 1920
Available Date 2025-07-28
Annual Tax Amount $3,032
Tax Year 2010
Lot Size 5,663 Sqft
Acres 0.13
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Current income is $62,522 with a net operating income (NOI) of $46,368.75, producing a healthy 9.3% CAP rate. Pro forma projections show income potential of $70,000 and NOI of $56,000, raising the CAP rate to 11.2% with market adjustments and renewed lease focus. The varied tenant base and income-producing components make this a highly attractive property for investors seeking cash flow with growth potential.
This property is part of a larger portfolio of 500+ storage units currently available across the Reading 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 Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 12-5317-54-23-2785
Ownership Fee Simple
Special Listing Condition Standard
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