200 W LANCASTER AVE, Reading, PA 19607
200 W LANCASTER AVE, Reading, PA 19607
200 W LANCASTER AVE, Reading, PA 19607
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Joseph Asterino

Joseph Asterino

+1(484) 955-6711
Listed by Bert Savory • Destination Realty LLC
$1,250,000
Est. payment /mo
15,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $83

MLS Listing ID PABK2067046

Style Other

Abv Grd Liv Area 15,000

Year Built 1910

Annual Tax Amount $7,549

Tax Year 2025

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Detached

Source BRIGHT

Property Description

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

Location

State PA

County Berks

Area Shillington Boro (10277)

Zoning R2

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Heat Source Natural Gas

Exterior

Parking Features Other

Garage Spaces 23.0

Water Access N

Accessibility None

Total Parking Spaces 23

Garage Y

Building

Foundation Block, Brick/Mortar, Concrete Perimeter

Above Ground Finished SqFt 15000

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District Governor Mifflin

Others

Tax ID 77-4395-07-58-7599

Ownership Fee Simple

SqFt Source 15000

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Bank Owned/REO

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Bright MLS (BMLS)

Nearby School & Business

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Joseph Asterino

Joseph Asterino

+1(484) 955-6711

Broker Associate | License ID: AB066344

Broker Associate License ID: AB066344

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