Address
3459 Penn Ave Reading, PA
Price
$ 550,000
Property Attributes
  • MLS#PABK2002912
  • TypePending
  • CountyBERKS
  • CityReading
  • AreaSinking Spring Boro
  • Zip19608
  • Style
  • Year Built1920
  • Taxes$ 12669
  • Price$ 550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6500
  • Lot Size0.67 Acres
Listing Provided Courtesy Of:
RE/MAX Of Reading
Data Source:
Bright MLS - 382 - MD
Property Description

Fully leased, multi-tenant commercial building on a busy commercial corridor. The property has four commercial tenants and one residential tenant. The building has received significant CapEx over the years of the current ownership. Combined with a large parking lot, this is a rent stabilized building with a solid track record of financial performance. Priced in the 8.5 cap range, this is a great addition to any investor's portfolio.

Price History
8/13/2021 Listed $550,000

General Features

Accessibility Mobility Improvements
Business Type Other
Construction Materials Vinyl Siding, Mixed Plumbing
Cool Fuel Electric
Cooling Central A/C
County BERKS
Days on Market 53
Electric 200+ Amp Service, Circuit Breakers
Flooring Carpet, Vinyl, Heavy Duty
Heating Forced Air
Location Type Suburban
Lot Size Square Feet 29185.00
MLS Area Sinking Spring Boro (10279)
Municipality SINKING SPRING BORO
New Construction No
Ownership Fee Simple
Possession 31-60 Days CD
Price Per Sq Ft 88.71
Property SubType Mixed Use
Property Type Commercial Sale
Roof Flat, Pitched, Shingle, Rubber
Sewer Public Sewer
Subdivision Name NONE AVAILABLE
Tax Annual Amount 12669.0
Tax Lot 6227
Tax Year 2021
Total Units 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning C-1

Interior Features

Central Air Y/N Yes
Heating Fuel Oil
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 6200.00
Car Parking Spaces 26
Foundation Details Stone, Concrete Perimeter
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.67
Lot Size Source Assessor
Navigable Water Y/N No
Parking Features Paved Parking, Paved Parking
Road Responsibility State
Total Parking Spaces 26
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19608

Price
AVG $620K
$550K
Taxes
AVG $7,502
$12,669
Visits
AVG 45
43
Year Built
AVG 1975
1920
Walkscore
AVG 21
55
Data Provided by Walkscore ® not using MLS data

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