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34 E Lancaster AVENUE, Reading, PA 19607 (MLS # PABK350554)

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PRICE $499,990
SIZE 6,100 sq ft
LOT SIZE 10,890 sqft

Excellent commercial investment opportunity ideally suited for owner business occupant and 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 with two updated bathrooms on the main level along with a kitchenette/break room. For added income, there are 3 residential apartments on the 2nd and 3rd floors. The paved lot includes parking for 14 cars and there is also a 2 car detached garage for additional rental income. The office space was recently renovated and is ready for immediate occupancy. Updated mechanicals including main roof and two high efficiency gas heating systems.

DAYS ON MARKET 14 LAST UPDATED 11/11/2019
YEAR BUILT 1920 COMMUNITY SHILLINGTON BORO
GARAGE SPACES 2.0 COUNTY Berks
TOTAL PARKING 2 STATUS Active
PROPERTY TYPE(S) Commercial Sale

PRICE HISTORY
Prior to Nov 11, '19 $499,900
Nov 11, '19 - Today $499,990


ADDITIONAL DETAILS
# OF PARKING SPACES INCLUDED Private 11+ Spaces
ACCESSIBILITY FEATURES 32"+ wide Doors, Grab Bars Mod, Level Entry - Main
AUTOMATICALLY UPDATE TAX VALUES Y/N Y
BUILDING TOTAL SQFT SOURCE Estimated
BUSINESS TYPE Apartment Building, Medical, Professional
CENTRAL AIR YN Y
CITY/TOWN TAX 1756.00
CITY/TOWN TAX PYMNT FREQ Annually
CONSTRUCTION MATERIALS Brick
COOLING FUEL Electric
COOLING TYPE Central A/C
COUNTY TAX 1884.00
COUNTY TAX PYMNT FREQ Annually
ELECTRIC SERVICE 200+ Amp Service
EXCLUSIONS All tenants personalties
FLOORING TYPE Carpet, Hardwood, Laminated, Tile/Brick, Vinyl
FOUNDATION DETAILS Stone
GARAGE FEATURES Garage - Front Entry
HEATING FUEL Natural Gas
HEATING TYPE Hot Water
HEATING YN Y
HOT WATER Natural Gas
INCLUSIONS Ranges and refrigerators in residential apartment
LAND USE CODE 4127
LISTAGENTSTATELICENSENUMBER Lic# RS182255L - PA
LISTING AGREEMENT TYPE Exclusive Right
LISTING SERVICE TYPE Full Service
LOCATION TYPE Business District
LOT DIMENSIONS SOURCE Assessor
LOT FEATURES Level, Private
LOT SIZE DIMENSIONS 0.00 X 0.00
LOT SIZE SOURCE Assessor
LOT SIZE UNITS Square Feet
MAIN ENTRANCE ORIENTATION Northwest
NAVIGABLE WATER YN N
OPERATING EXPENSE INCLUDES Electric, Heating/Cooling, Insurance, Sewer, Trash, Water
OWNER PAYS Air Conditioning, Electricity, Gas, Heat, Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
OWNERSHIP INTEREST Fee Simple
PARKING FEATURES Asphalt Driveway
PHOTO OPTION Lister Will Upload All
POSSESSION Immediate, Subject to Existing Lease
POTENTIAL TENANCY Multiple
PRICE PER SQFT 81.97
PROPERTY CONDITION Average+, Turn Key
PROPERTY SUB TYPE Mixed Use
PROPERTY TYPE Commercial Sale
PROPERTY USE Owner User
RIPARIAN RIGHTS YN N
ROOF Rubber, Shingle
SECURITY FEATURES Monitored, Motion Detectors, Security System
SEWER SEPTIC Public Sewer
STANDARD STATUS Active
SUB SYSTEM LOCALE BRIGHT_MAIN
TAX ANNUAL AMOUNT 10676.0
TAX ASSESSED VALUE 246000.0
TAX LOT 4416
TAX YEAR 2019
TIDAL WATER YN N
TOTAL TAXES PYMNT FREQ Annually
TYPE OF PARKING Detached Garage, Parking Lot
VACATION RENTAL YN N
WATER ACCESS YN N
WATER ORIENTED YN N
WATER SOURCE Public
WATER VIEW YN N
WATERFRONT YN N
YEAR ASSESSED 2019
YEAR BUILT SOURCE Public Records
ZONING COMMERCIAL

ZESTIMATE
34 E Lancaster AVENUE, Reading, PA

RENT ZESTIMATE
$1000 / mo.  34 E Lancaster AVENUE, Reading, PA

60 Somewhat Walkable



 
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Information is deemed reliable but not guaranteed.
Copyright © 2019 Bright MLS, Inc.
Last Updated: 11/21/19 2:21 PM PST