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Key Details
Sold Price $515,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $83
Subdivision None Available
MLS Listing ID PABK2002912
Sold Date 12/20/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $12,669
Tax Year 2021
Lot Size 0.670 Acres
Acres 0.67
Lot Dimensions 0.00 x 0.00
Property Description
Fully leased, multi-tenant commercial building on a busy commercial corridor. The property has four commercial tenants and one residential tenant. The building has received significant CapEx over the years of the current ownership. Combined with a large parking lot, this is a rent stabilized building with a solid track record of financial performance. Priced in the 8.5 cap range, this is a great addition to any investor's portfolio.
Location
State PA
County Berks
Area Sinking Spring Boro (10279)
Zoning C-1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Vinyl, Heavy Duty
Heat Source Oil
Exterior
Garage Spaces 26.0
Water Access N
Roof Type Flat,Pitched,Shingle,Rubber
Accessibility Mobility Improvements
Road Frontage State
Total Parking Spaces 26
Garage N
Building
Foundation Stone, Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wilson
Others
Tax ID 79-4386-10-46-6227
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Angelo Giannotti • RE/MAX Of Reading
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