Listed By:
Premier Property Sales & Rentals
125 Morgantown Road, Reading, PA
$ 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 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


  • 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

AVG $260K
AVG $3,269
AVG 141
Data Provided by Inside Real Estate®
Year Built
AVG 1938
AVG 70
Data Provided by Walkscore® not using MLS data