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Currently used as a dance studio, this large building has endless possibilities! Main entry of the building serves as a lobby and office. After entering main hallway, you will find to your right a very large dance studio. Studio has gas forced air heat unit .This portion of the building has window AC units. Entire 1st floor is an extremely long hallway connecting a series of rooms and the main dance studio. Up the steps from the waiting room, is 2nd level that houses two different studios. Additional studios heated by main studio furnace and cooled with window AC units. Back door of downstairs studio leads to large warehouse. Warehouse is 3 floors tall and has two furnaces that heat lower area. Can also be heated by natural gas heat. Large ADA Compliant bathroom. End of hallway is waiting room/lobby with entrance to an office. Building exterior has two separate parking areas. Left side of the building includes a handicapped space and handicapped ramp available. Go for showing today!
Southeast garage/storage facility. This site has 10 garages, currently 1 is leased as a doble so showing 9 rentals. The property is 100% occupied and offers 6 9 x 17 units and 4 others that are slightly larger. This is possible parking in front of the rear garages. All units have roll up doors. This income is better than a residential rental and with less headache. There are other sites available.
Add this money making property to your portfolio without all the residential tenant issues. This property consists of 10 storage units/garages. One is currently a double and 1 only has a man door. These are large units measuring 12 x 22 & the double 24 x 22. There are also 11 parking spaces for rent. Currently all garages are rented and 9 of 11 parking spaces. This is an all block building and the rear area is fenced.
UNIQUE INVESTMENT OPPORTUNITY in this 20 unit property situated on just shy of 10 acres consisting of two parcels and a short 20 minute commute to the Lehigh Valley. This property consists of 2-3BR units, 2-2BR units, 11-1BR/ efficiency units, 3 storage spaces, a workshop with garage, and a commercial garage.Plenty of value add and upside potential with rent increases and the potential to add more units. Check with zoning and the local municipality regarding options. All residential units are fully occupied with 1 year leases/security deposits in place. Owners pay W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs and windows were recently installed on all the main buildings and commercial garage.List price reflects a cap rate of over 10% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
Calling all owner-occupants, savvy investors and prospectors. Here's your next Downtown Jazz Fest Destination. Don't look past this three-story, commercial venue in Berks County's Historic Penns Commons. Opportunity knocks. Turn your own key. Start your Bed and Breakfast . Operate your own Air Bnb. Full bar in lower level. Brew your own coffee. Craft your own signature beverages. Say Cigar Lounge. Includes rear lots for parking and deliveries. Newer mechanicals. Signage. Share the strip with The Reading Area Community College, The Miller Center for the Arts, Alvernia's John R. Post Center at Collegetowne, The Santander Arena and The Doubletree Hotel. High traffic count and high visibility. Favors foot traffic as well. This space most recently served as a restaurant but can easily accommodate multiple offices, a convenience store, multi-service, barber shop or nail/hair salon, prep kitchen, event staging or bakery. Great for the new entrepreneur who wants to manage growth or the astute business individual wanting to control costs. Opportunity knocks.
Open House:
Saturday, 5/18 2:00-3:00PM
Calling all multi-unit real estate investors! 5 residential units, within a prime location making it easy to rent out. Both the exterior and interior of the property have been recently freshly painted, in addition to recently replaced flooring throughout. Review the numbers and make this cash flow yours! Please reach out today for additional details and to schedule your private showing. Current rental/lease income per unit/per month. Unit/Apartment 1: 4850. Unit/Apartment 2: $850. Unit/Apartment 3: $850. Unit/Apartment 4: $900. Unit/Apartment 5: $900.
This site has 8 garages/storage units. One unit is a double and this location is 100% occupied and has a long history of good occupancy. This is good income compared to a residential rental with less headache. Other site are also available.
Prime Investment Opportunity Near Penn Street!Discover this lucrative property in a Commercial Residential zone, perfect for expanding your portfolio or diving into real estate for the first time. Situated in a bustling area near Penn Street, this property offers convenience and potential for both seasoned investors and newcomers alike.Features:This property comprises a versatile commercial unit with two front rooms, a kitchen, and a bathroom, along with a residential unit spanning three bedrooms and one bathroom on the upper floors. With dual income potential, you can capitalize on both the commercial and residential aspects of this property, ensuring steady cash flow and long-term profitability.Highlights:Convenience is key, with courts, shops, and restaurants mere moments away, making this property an attractive choice for tenants and ensuring high occupancy rates. Don't miss out on this opportunity to secure your place in this thriving real estate market. Schedule your appointment today to explore the potential of this prime investment opportunity near Penn Street!
Open House:
Sunday, 5/19 2:00-3:00PM
Looking to break into the laundromat and apartment rental industry? Look no further than this 5 unit property at 351 N 6th St Reading Pa. This property boast 4 apartment units and a thriving laundromat business. Each tenant pays their own heat and electric. Ownership pays for water, heat and electric within the laundromat unit. The owner ran laundromat and tenant occupied apartments have been recently renovated with fresh paint and updated flooring throughout. The sale includes all the real estate, equipment and the laundromat business. Please reach out for additional details on income and expenses. Schedule your showing today!
Commercial property sitting on over 1 acre of land, with incredible highway visibility - available for immediate occupancy!! The commercial storefront is wrapped in windows allowing for bright natural light to flood the nearly 1500sqft front showroom. Outside you cannot miss the large billboard sign, right on 422, ready for your businesses name! Additionally, there is an oversized garage door leading to two storage areas/garages which could be converted into additional retail space if needed. Upstairs you will find a 1400 sqft; two bedroom and one bathroom, residential apartment which could be rented out or occupied by the property owner. The residential unit has a large, bright kitchen with plenty of counter space. Don't miss out on this opportunity - schedule your showing today!
Another high occupancy storage/garage location in a central location within the city. This property consists of 21 10 x 20 units, 1 30 x 30, 1 20 x 30 & 1 15 x 20. There are also 3 parking spaces. Currently everything is occupied but 1 10 x 20 unit. Recent upgrades at this facility include mostly newer garage doors, most roofs have been replaced, newer electric & lighting and about half of the blacktop have been replaced.
Don't miss out on this opportunity. A building with endless possibilities. Welcome to 1100 Spruce Street. This once private social club holds a blank canvas for its new owner. With the potential of units on the 2nd and 3rd floor and a potential commercial on the first, this property is sure to be an income producing property.
Welcome to the ''Bubble Room'' laundromat and car wash! A thriving laundromat and car wash nestled on a high traffic location/corner lot at 1112 Muhlenberg St in Reading. Experience efficiency with a fleet of machines, washers, dryers and 4 vacuum, cleaners, complemented by the presence of a dedicated on-site laundromat attendant. The private parking lot offers ample space, ensuring a hassle-free experience for your valued customers. Furthermore, there are vending machines on site and plenty of potential areas of growth for additional income. Sale includes the real estate, laundromat and car wash business, and all associated equipment. Seize the chance to own a slice of success in this dynamic location, where every spin and wash promises not just cleanliness, but also a strategic investment in a thriving industry.
Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today!
Location , Location, Location... AMAZING opportunity to own a beautiful business rental property. With 13 Rooms, kitchenette on the upper level. Each room is individually keyed. Some rooms could be laid out as office and conference room. Beautifully finished, private courtyard for owners and renters to enjoy lunch time, outdoor work space on beautiful days, or evening events under the starsYour Business, whether it be a Creation and retail sales of art and crafts items which may include multiple vendor ,Personal services such as barber or beauty shop, tailors nail salons and certified massage therapy and not including a massage parlor ,Photo-finishing services, Law Firm, Real Estate Firm, Accounting Firm, Title Company, Tax services, Recording studio, or other Professional Office use will be located close to the County Court House, County Services and Admin and the downtown. Garage Parking is available 1 block away. This is the opportunity you have been waiting for, make sure you contact me for your private showing Today!
Right in the heart of Reading, this property is ready for a new owner. 19 North 6th Street is occupied by long-reliable tenants, it is positioned right by the Courthouse, a parking garage, and local government offices. The property is in an economic opportunity zone and with most of the tenants being non-profit or County Agencies; you can apply for potential tax relief. There is over 60k in leasable square feet and the courtyard provides an excellent outdoor space for employees to get some fresh air and enjoy their lunch break. The current owner would like to stay and occupy space which leaves just one vacancy on the 5th floor. The projected monthly cash flow is 16k. Perfect for an owner occupant or investor.
Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.
511 - 515 Penn st Reading Pa 40,000 square foot building in the Central Business District of Reading Pa. Former bank with lots of uses. In the Keystone Opportunity Zone. .33 acres 40,000 square feet of retail /commercial space in the heart of Penn St Reading between 5th & 6th Streets in the heart of the Reading Downtown Improvement District. Formerly Reading Trust stretches from Penn St to Court St with access on both streets. This is in the Penn Square Overlay District with underlying Commercial Core (C-C) district. 3 Story building with large 40 Ft Atrium Ceiling. .33-acre property has a full basement with many vaults. Single or Multiple tenant occupancy. Close to Reading Post Office, Attorney Row, City Hall, County Offices, and The Sovereign Center. New Roof. Multiple elevators, sprinkler system, several parking garages within walking distance. Public transportation on 5th St. Perfect Redevelopment project. Many Grant Opportunities paying for rehab and development with the Home Grant Paying up to 75% of property acquisition and rehab for housing and other potential programs. Approximately 30 apartments should be possible with the first floor staying commercial.
Here is a perfect opportunity to purchase a local running business with an apartment on the second floor. All the store needs is a new owner. The store is already setup for success with a kitchen to prepare hot food as well as cold sandwiches. Make additional income with skill/gaming machines and ATM. You can run the store and live in the apartment upstairs or rent it out for additional income. Sale of the building includes the store with inventory, all appliances, ATM and coolers.The apartment upstairs has 2 nice sized bedrooms, 1 bathroom and is rented to long term tenants.
Location is key. An auto service center situated in the Inner City presents an opportunity for significant business expansion.
Large Commercial building in the Heart of College Town District in the City of Reading. Perfect for a New Restaurant or lounge. Off street parking in the rear of building and city parking lot next door. This building has potential for residential apartments on the 2nd and 3rd floor. The building is currently leased to a catering company. The lease is month to month and the Caterer will need 60 days to relocate. There is a land lease for the building on the left for $200.00 per month. The catering company pays $2000.00 per month. The building needs updating, the owner is selling the property "AS IS ". Bring your ideas and make an offer! Please give us 48-hour notice for all showings.
Well established restaurant in the city of Reading for sale! Included liquor license, all full kitchen equipment, all documents up to date. You can start making lots of money on a first day of your ownership. Call Boris with your ideas! Also included 3 story attached building used as an office, storage and apartment above.
One of the most visible and known buildings in Reading, Pa. This classic is located at the corner of 2nd and Penn Streets, on the main artery into the Downtown Reading area. Incredible architecture dates back to 1896 when this building was built as the Keystone Firehouse. In 1986 the property was dramatically updated and expanded with the addition of a three story modern office structure. Now, at over 22,400 sq. ft. of space, this property is poised to meet a variety of office, retail, service and restaurant type uses. Zoning is CC (Commercial Core) along with PSO (Penn Street Overlay). The building can be used by a single occupant or, given the layout, it would lend itself well to multi-tenant opportunities. Topping it off is a 59 car parking lot providing excellent access for tenants, customers and guests.
Nice 2 bay block garage just off the Warren St Bypass. Large rear yard accessible from Allegheny Ave. Need storage space for cars or any other equipment? This would be a great economical solution.
Check out this 6-unit Apartment Building that has tons of upside! The property is over 6,000 square feet, which is rare to find in today's market. The property has 6 separate electrical meters. All the units have high ceilings and tons of square footage in each unit. This property easily can bring over $70,000 a year in Gross Revenue.
