200 W Lancaster Ave,READING, PA 19607
READING, PA 19607
Description
Back on the market due to buyer financing falling through. This commercial property in the heart of downtown Shillington offers a prime investment opportunity with a level 0.3-acre lot. Built in 1910, the structure features a mix of durable materials including brick, concrete, and stucco, ensuring longevity and low maintenance. The property is in below-average condition, presenting a chance for value-add renovations that can significantly increase rental income or resale value. Strategically located less than 10 miles from the airport and within a mile of public transportation, it boasts excellent accessibility, enhancing its appeal to potential tenants. Parking options include private garages and surface lots, catering to various business needs. Investors can capitalize on the growing demand for commercial spaces in urban settings, with the potential for strong returns through strategic improvements and leasing. This property is a solid addition to any investment portfolio, offering both immediate and long-term financial benefits. CLEAN Phase I enviromental assessment report.
Details
| MLS # | PABK2067020 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1910 |
| Days On Site | 240 |
| Listing Provided By | Destination Realty LLC | Robert Savory |
Features
| Basement | Y |
|---|---|
| Story(s) | 5 |
| Units | 15 |
| Zoning | COMM |
| Acreage | 0.30 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Roof | Asphalt, Pitched |
|---|---|
| Construction Materials | Asphalt, Block, Brick, Cast Iron Plumbing, Concrete, Copper Plumbing, CPVC/PVC, Glass, Masonry, Mixed, Mixed Plumbing, Stone, Stucco, Tile |
| Lot Features | Level |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private, Surface, Unassigned |
Utilities
| Utilities | Electric Available, Natural Gas Available, Sewer Available, Water Available |
|---|
Taxes
| Tax Annual Amount | 7549 |
|---|
Area Information
| State | PA |
|---|---|
| County | BERKS PA |
| City | READING |
| Zip Code | 19607 |
| Area | Shillington Boro (10277) |
| Community Name | SHILLINGTON |
| School District | GOVERNOR MIFFLIN |
| Elementary School | GOVERNOR MIFFLIN |
| High School | GOVERNOR MIFFLIN |
| Listing VS Median (in SHILLINGTON) | |
Price: $1,200,000 low | high Med: $237,400 On site: 240 low | high Med: 86.5 | |
Market Activity 19607
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Learn More About This Property
| State | PA |
|---|---|
| County | BERKS PA |
| City | READING |
| Zip Code | 19607 |
| Area | Shillington Boro (10277) |
| Community Name | SHILLINGTON |
| School District | GOVERNOR MIFFLIN |
| Elementary School | GOVERNOR MIFFLIN |
| High School | GOVERNOR MIFFLIN |
| Listing VS Median (in SHILLINGTON) | |
Price: $1,200,000 low | high Med: $237,400 On site: 240 low | high Med: 86.5 | |
