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216 LANCASTER AVE Reading, PA 19611
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Key Details
Sold Price $290,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $103
MLS Listing ID PABK366264
Sold Date 03/05/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $7,296
Tax Year 2021
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 0.00 x 0.00
Property Description
Property has 2 buildings; the main building with Lancaster Avenue frontage, formerly Standard Grinding Shop, is about 2,800 SF and consists of a large work-shop area, a showroom, an office, a bath. The second building has 3 garage bays and a 1 BR / 1 Bath apartment (about 600 SF) for extra rental income opportunity. The heating is 2-phased oil hot water and services both buildings. Central air in main building, second building has window unit. Large billboard in front of property is currently under lease and generates an income of $6,000 / year; lease transfers with a current term ending in April 2024.
Location
State PA
County Berks
Area Reading City (10201)
Zoning C-H
Interior
Hot Water Electric
Heating Zoned, Radiator, Hot Water
Cooling Central A/C, Window Unit(s)
Heat Source Oil
Exterior
Garage Spaces 3.0
Water Access N
Accessibility 2+ Access Exits, >84\" Garage Door, Accessible Switches/Outlets, Level Entry - Main, No Stairs
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 18-5306-50-65-2289
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less
Bought with Nelson F Gamez • Pagoda Realty
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