237 W Lancaster Ave
READING, PA 19607

Description

Excellent Investment opportunity in high visibility location it the borough of Shillington. This 5 unit property includes a main level office space with road frontage on Lancaster Ave, 4 apartments and 5 garage units rent @ $75 each. The office consists of a 20 x 28 main level office room & additional office/storage room and ~ bath in the lower level. Total office sq. ft. is approximately 1034. The main building also has 2 residential apartments, 1 on the main level & 1 on the 2nd and 3rd floors. There is a detached separate building that includes 2 apartments and 5 garages. All units are separately metered for heat, hot water and electric. Recent upgrades include roof, vinyl siding, some replacement windows. The units are clean and modern with updated kitchens & bathrooms. This building is ideal for a commercial owner occupant who wants to generate additional income. The commercial space is vacant and available for immediate occupancy.

Details

MLS#PABK344532
Sub-TypeResale
StatusActive
Year1900
Days On Site10

Features

SQ Feet3,267
Units4

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Area Information

StatePA
CityREADING
Zip Code19607
AreaShillington Boro (10277)
Listing VS Median (in 19607)
Price:
$449,000
low | high
Med:
$159,900
100% of Average
SqFt:
3,267
low | high
Med:
1,516
100% of Average
$ / SqFt:
$137
low | high
Med:
$107
72.390165970304% of Average
On Site:
10
low | high
Med:
56
17.857142857143% of Average
Listing Updated: 07/18/2019
MLS Number: PABK344532
Listing Provided By:
Mark J Shanaman  of  RE MAX Of Reading