UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2074656
Year Built 1920
Annual Tax Amount $5,692
Tax Year 2025
Lot Size 2.120 Acres
Acres 2.12
Lot Dimensions 0.00 x 0.00
Property Sub-Type Industrial
Source BRIGHT
Property Description
The property includes two buildings, a 1.25 acre fenced lot and parking across N. 3rd St.
The main building of has two sections--the 'new warehouse' and the older four story building.
The 'new warehouse' is a 19,000 +/- sf warehouse with 20 foot ceiling heights. This kind of urban warehouse is in high demand. It is currently leased at way below market prices.
The four story section has almost 33,000 sf. It is mostly leased but can be converted to loft-style residential units under the new zoning change allowing residential adaptive re-use. These would be really cool loft apartments, right on the border of desirable Centre Park district, with plenty of parking.
The separate 6,291 sf building was completely rebuilt in 2025 and has a long term, credit tenant at favorable rental rates.
The entire property has received well over $1 million of Capital Expenditures over the last several years.
The cell tower has an easement and is not part of this transaction.
Included in the sale are four tax lots, as follows: 448 N 3rd = 06-5307-66-63-6005, 430 N 3rd = 06-5307-66-62-5955, 507 N 3rd = 06-5307-66-63-8016 and 451 N 3rd = 06-5307-66-63-8002.
Location
State PA
County Berks
Area Reading City (10201)
Zoning M-C
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s), Radiant
Cooling Heat Pump(s), Central A/C, Ductless/Mini-Split
Heat Source Natural Gas
Exterior
Garage Spaces 70.0
Water Access N
Roof Type Rubber
Accessibility None
Total Parking Spaces 70
Garage N
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 06-5307-66-63-6005
Ownership Fee Simple
Special Listing Condition Standard
Nearby School & Business
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Joseph Asterino
Broker Associate | License ID: AB066344
Broker Associate License ID: AB066344