200 W Lancaster Ave, Reading, PA 19607

$1,200,000
15,000
SqFt

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List Price
$1,200,000
Price Change
▼ $50,000 1786048505
Days on Market
173
Status
ACTIVE
MLS#
PABK2067046
Living Area
15,000
Lot Size (Acres)
0.30000000000000004
Style
Other
Year Built
1910
County
Berks
School District
Governor Mifflin

Property Description

Back on the market due to buyer financing falling through. 15 UNIT BUILDING. This commercial property in the heart of downtown Shillington offers a prime investment opportunity with a level 0.3-acre lot. Built in 1910, the structure features a mix of durable materials including brick, concrete, and stucco, ensuring longevity and low maintenance. The property is in below-average condition, presenting a chance for value-add renovations that can significantly increase rental income or resale value. Strategically located less than 10 miles from the airport and within a mile of public transportation, it boasts excellent accessibility, enhancing its appeal to potential tenants. Parking options include private garages and surface lots, catering to various business needs. Investors can capitalize on the growing demand for commercial spaces in urban settings, with the potential for strong returns through strategic improvements and leasing. This property is a solid addition to any investment portfolio, offering both immediate and long-term financial benefits. CLEAN Phase I enviromental assessment report

Additional Information

Area
Shillington Boro (10277)
Taxes
$7549
School District
Governor Mifflin
Garage
Yes
Garage Spaces
3
Heating
Hot Water
Heating Fuel
Natural Gas
Cooling
None
Water
Public
Sewer
Public Sewer
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Destination Realty LLC. Contact: 6107433310

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