Address
125 Morgantown Road, Reading, PA
Price
$ 999,000
Property Attributes
- MLS#PABK377744
- TypePending
- CountyBERKS
- CityReading
- AreaReading City
- Zip19611
- StyleGeneral Retail,Storage,Professional
- Year Built1974
- Taxes$ 13521
- Price$ 999,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6910
- Lot Size1.13 Acres
Data Source:
Bright MLS
Property Description
Fantastic Commercial Investment! 5 unit Office/Retail Center with 36 storage units near major roadways. Fully occupied by great tenants. Enterprise Rent-a-Car (left corner $3,400/mo) anchor tenant with long term multi-year lease with escalating lease rents. They also reimburse for water and taxes. Additional long-term tenant on right corner of building that called Pillar Lounge ($1,700/mo). Interior tenants, CB Shop ($500/mo), Reading Education Association ($750/mo), Advance Scale ($750/mo). New 'Conklin' Roof made from specialized acrylic which provides a waterproof and long lasting barrier against the elements.
| Price History | |
|---|---|
| 5/18/2021 | Listed $1,050,000 |
| 6/9/2021 | 5% - $999,000 |
General Features
| Accessibility | 2+ Access Exits |
|---|---|
| Association Recreation Fee | No |
| Business Type | Other/General Retail, Storage, Professional |
| Construction Materials | Block, Stucco, Brick |
| Cool Fuel | Electric |
| Cooling | Central A/C |
| County | BERKS |
| Days on Market | 112 |
| Electric | 200+ Amp Service |
| Exclusions | no exclusions |
| Heating | 90% Forced Air |
| Historic Y/N | No |
| Location Type | Business District |
| Lot Size Square Feet | 49223.00 |
| MLS Area | Reading City (10201) |
| New Construction | No |
| Percent Ownership | Fee Simple |
| Possession | Settlement |
| Price Per Sq Ft | 237.86 |
| Property Condition | Very Good |
| Property SubType | Mixed Use |
| Property Type | Commercial Sale |
| Property Use | Investment |
| Roof | Flat, Asphalt, Rubber |
| Security Features | Fire Detection System, Smoke Detector |
| Sewer | Public Sewer |
| Tax Annual Amount | 13521.0 |
| Tax Lot | 6458 |
| Tax Year | 2021 |
| Trash Expense | 1050.00 |
| Utilities | Water Available, Sewer Available, Phone, Cable TV, Electric Available, Natural Gas Available |
| Vacation Rental Y/N | No |
| Water Access Y/N | No |
| Waterfront Y/N | No |
| Year Built | 1974 |
| Zoning | COMMERCIAL |
| Zoning Description | Commercial - Highway District |
Interior Features
| Central Air Y/N | Yes |
|---|---|
| Flooring | Carpet, Ceramic Tile, Laminated |
| Heating Fuel | Natural Gas |
| Heating Y/N | Yes |
| Hot Water | Electric, Natural Gas |
| Total Restrooms | 7 |
Exterior Features
| Building Area Total | 4200.00 |
|---|---|
| Car Parking Spaces | 50 |
| Foundation Details | Slab, Concrete Perimeter |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 1.13 |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Total Parking Spaces | 53 |
| Type of Parking | Parking Lot |
| Water Oriented Y/N | No |
| Water Source | Public |
| Water View Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 19611
Price
Taxes
Visits
Year Built
Walkscore
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