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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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Bert Savory • Destination Realty LLC
$1,200,000
Est. payment /mo
0.3 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Shillington

MLS Listing ID PABK2067020

Year Built 1910

Annual Tax Amount $7,549

Tax Year 2025

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Back on the market due to buyer financing falling through. 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 COMM

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Flooring Carpet, Ceramic Tile, Engineered Wood, Fully Carpeted, Hardwood, Laminate Plank, Laminated, Luxury Vinyl Plank, Luxury Vinyl Tile, Partially Carpeted, Solid Hardwood, Tile/Brick, Vinyl

Heat Source Natural Gas

Exterior

Garage Spaces 20.0

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Roof Type Asphalt,Pitched

Accessibility None

Total Parking Spaces 20

Garage N

Building

Lot Description Level

Sewer Public Septic

Water Public

New Construction N

Schools

Elementary Schools Governor Mifflin

Middle Schools Governor Miffln

High Schools Governor Mifflin

School District Governor Mifflin

Others

Tax ID 77-4395-07-58-7599

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Bank Portfolio, Private

Listing Terms Cash, Conventional, Bank Portfolio, Private

Financing Cash,Conventional,Bank Portfolio,Private

Special Listing Condition Bank Owned/REO

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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200 W LANCASTER AVE

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