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

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PRICE $479,000
SIZE 6,100 sq ft
LOT SIZE 10,890 sqft

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.

DAYS ON MARKET 242 LAST UPDATED 5/13/2020
YEAR BUILT 1920 COMMUNITY SHILLINGTON BORO
COUNTY Berks STATUS Active
PROPERTY TYPE(S) Commercial Sale

PRICE HISTORY
Prior to Nov 11, '19 $499,900
Nov 11, '19 - Jan 10, '20 $499,990
Jan 10, '20 - Today $479,000


ADDITIONAL DETAILS
ACCESSIBILITY FEATURES 32"+ wide Doors, Grab Bars Mod, Level Entry - Main
ANNUAL HEATING EXPENSE 1496.00
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 EXPENSE 1390.00
ELECTRIC SERVICE 200+ Amp Service
EXCLUSIONS All tenants personalties
FLOORING TYPE Carpet, Hardwood, Laminated, Tile/Brick, Vinyl
FOUNDATION DETAILS Stone
HEATING FUEL Natural Gas
HEATING TYPE Hot Water
HEATING YN Y
HOT WATER Natural Gas
INCLUSIONS Ranges and refrigerators in residential apartment
INCOME INCLUDES Apartment Rentals, Professional Offices
INSURANCE EXPENSE 1493.00
LAND USE CODE 4127
LISTAGENTSTATELICENSENUMBER RS182255L
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
MUNICIPAL TRASH Y/N Y
MUNICIPALITY SHILLINGTON BORO
NAVIGABLE WATER YN N
OPERATING EXPENSE 18645.00
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
PHOTO OPTION Lister Will Upload All
POSSESSION Immediate, Subject to Existing Lease
POTENTIAL TENANCY Multiple
PRICE PER SQFT 78.52
PROPERTY CONDITION Good, Very Good
PROPERTY SUB TYPE Mixed Use
PROPERTY TYPE Commercial Sale
PROPERTY USE Owner User
RIPARIAN RIGHTS YN N
ROAD RESPONSIBILITY State
ROAD SURFACE TYPE Black Top
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 ID NUMBER 77-4395-07-78-4416
TAX LOT 4416
TAX YEAR 2020
TAXDATAUPDATEDYN N
TIDAL WATER YN N
TOTAL TAXES PYMNT FREQ Annually
TYPE OF PARKING 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 2020
YEAR BUILT SOURCE Public Records
ZONING COMMERCIAL

ZESTIMATE
$458296  34 E Lancaster AVENUE, Reading, PA

RENT ZESTIMATE
$1295 / mo.  34 E Lancaster AVENUE, Reading, PA

60 Somewhat Walkable



 
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Information is deemed reliable but not guaranteed.
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Last Updated: 7/6/20 4:33 PM PDT
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