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$1,650,000
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Property Description
13,138 st Office / Medical Building on 1.94 Acres. 85 parking spaces. Land consists of two parcels 81-5326-10-27-7454 (1.437 Acres) and 81-5326-10-27-7217 (.5030 Acres ).. Taxes include both Parcels. Zoned C-10 Mixed use commercial. Many as of right uses including retail, office, personal services and professional Currently set up as office use. 318 ft frontage on Prospect St & 128 ft frontage on Oley Turnpike Rd. Capital improvements consist of new HVAC replacements; electric and cabling upgrades; and a degree of interior demolition, reconfiguration and refinishing. New interior finishes included complete recarpet and ceiling tile replacement, as well as painting and the installation of built-in workstations. Suitable for 1031 exchange. Building can be easily configure for multiple tenants.
Full Property Details
Full Property Details for 120 Prospect St
General
- Sold For: $1,650,000
- Taxes: $1,116 (2022)
- Status: Closed
- Type: Retail
- Source: BrightMLSPhilly
- MLS ID: PABK2013150
- Added to Site: 1, 423 day(s) ago
Business
- Business Type: Medical, Other/General Retail, Professional, Restaura
Parking
- Total Spaces: 86
- Parking Type: Parking Lot
Location
- Area: St Lawrence Boro (10281)
- Municipality: ST LAWRENCE BORO
- County: Berks
- Driving Directions: Use GPS
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone
Structural Information
- Construction: Block
- Stories/Levels: 0
- Year Built: 1960
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 1.94
- Lot Size (Sq. Ft.): 84,506
- Lot Size Source: Estimated
- Lot Dimensions: 0.00 x 0.00
- Zoning: C-10
Financial Considerations
- Price Per Sq. Ft.: $148.42
- Assessment Year: 2022
- School Tax: $773
- City/TownTax: $170
- City/TownTax Freq: Annually
- County Tax: $173
- County Tax Freq: Annually
- Tax w/Assessment: $22,600
- Tax Amount: $1,116
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 7217 & 7454
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Schools
Schools serving 120 Prospect St
School District:Exeter Township School District
| Name | Grades | Distance |
|---|---|---|
Jacksonwald El School 100 Church Lane Road, Reading, PA 19606 | K-4 | 1.5 mi |
Exeter Twp Junior High School 151 East 39th Street, Reading, PA 19606 | 7-8 | 0.8 mi |
Exeter Twp Senior High School 201 East 37th Street, Reading, PA 19606 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 Prospect St
Date
Details
Price
Change
Source
7/29/2022
Sold
$1,650,000
-15.38%
MLS
3/31/2022
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
120 Prospect Street, Reading, PA 19606 (MLS# PABK2013150) is a Retail property that was sold at $1,650,000 on July 29, 2022. This property was listed by Joseph Leone from our Blue Bell Office.Want to learn more about 120 Prospect Street? Do you have questions about finding other Retail real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.


