7,405 Sqft Lot
7,405 Sqft Lot
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "