34 E Lancaster Avenue

    READING, PA 19607
    • $479,000
    • STATUS: Active
    • ON SITE: 142 days
    • ID#: PABK350652
    UPDATED: 34 min ago
    $479,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,100
      SQFT
    • $79
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    School District:

    Description

    Excellent commercial investment opportunity ideally suited for a business owner occupant. The main level office space includes 5 private offices, kitchen, conference room and public waiting rooms. The lower level office space includes cubicle dividers and 2 separate entrances- could potentially be rented out separately. This space can be used for a wide variety of office, retail and service applications. Located on Lancaster Ave, this all brick mixed use commercial building includes 3400 sq. ft. of office on the main and lower level. For added income, there are 3 residential apartments on the 2nd and 3rd floors. The paved lot includes parking for 14 cars and a 2 car detached garage presently rented for additional rental income. The office space is professional first class and has been recently renovated and is ready for immediate occupancy. Recently updated mechanicals including main rubber roof and two high efficiency gas heating systems. Relocating your business? Call today to view this well maintained building in a prime, high visibility location.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Scott Kompa Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-04-03T13:51:50.807.
    www.scottkompa.com/homes/100849368

    34 E Lancaster Avenue READING, PA 19607

    • Price: $479,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: PABK350652
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    6,100
    SQFT
    $79
    $/SQFT
    1920
    Built
    Neighborhood:
    Shillington Boro (10277)
    County:
    Berks
    Area:
    Shillington Boro (10277)
    School District:
    Governor Mifflin
    Property Description
    Excellent commercial investment opportunity ideally suited for a business owner occupant. The main level office space includes 5 private offices, kitchen, conference room and public waiting rooms. The lower level office space includes cubicle dividers and 2 separate entrances- could potentially be rented out separately. This space can be used for a wide variety of office, retail and service applications. Located on Lancaster Ave, this all brick mixed use commercial building includes 3400 sq. ft. of office on the main and lower level. For added income, there are 3 residential apartments on the 2nd and 3rd floors. The paved lot includes parking for 14 cars and a 2 car detached garage presently rented for additional rental income. The office space is professional first class and has been recently renovated and is ready for immediate occupancy. Recently updated mechanicals including main rubber roof and two high efficiency gas heating systems. Relocating your business? Call today to view this well maintained building in a prime, high visibility location.
    Exterior Features

    Architectural Style Traditional Construction Materials Brick Garage Spaces 2.00 Garage Type Garage - Front Entry Garage YN Yes Location Type Downtown Other Structures Above GradeBelow Grade Parking Features Asphalt DrivewayPaved Parking Parking Types DrivewayDetached GarageParking Lot Pool No Pool Property Condition Average+ Riparian Rights YN No Roof ShingleRubber Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 6100 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions All Tenant Personalties Fireplaces Total 0 Flooring CarpetHardwoodLaminated Heating Hot Water Heating YN Yes Inclusions Ranges And Refrigerators in Residential Apartment Ubits Security Features Security SystemMotion DetectorsMonitored Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 2

    Property Features

    Accessibility Features 32"+ Wide DoorsGrab Bars Mod Assessment Year 2020 Association YN No Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Electric Average Monthly 116 Electric Last12 Months 1390.00 Existing Lease Type Month To Month Foundation Details Stone Gross Income 67984.00 Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Shillington Boro Insurance Expense 1493.00 Navigable Water YN N Net Operating Income 49339.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 4 Operating Expense 18645.00 Original MLSNumber 302153935206 Owner Pays Air ConditioningElectricityGasHeatInsuranceRepairsSewerSnow RemovalTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession ImmediateSubject To Existing Lease Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 10676.00 Tax Assessment Amount 246000.00 Tax Lot 4416 Total Actual Rent 67984.00 Vacation Rental YN No Water Average Monthly 280 Water Last12 Months 3356.00 Water Source Public Zoning Commercial

    Listing courtesy of Re/Max Of Reading.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Scott Kompa Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-04-03T13:51:50.807.
     
    Scott Kompa Group | eXp Realty
    28 Valley Rd, Suite 1
    Montclair NJ, 07042