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125 Morgantown Road, Reading, PA 19611
$999,000 Sale Pending
125 Morgantown Road, Reading, PA 19611View this property at 125 Morgantown Road, Reading, PA 19611
125 Morgantown RoadReadingPA19611
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Property Description
Fantastic Commercial Investment! 5 unit Office/Retail Center with 36 storage units near major roadways. Fully occupied by great tenants. Enterprise Rent-a-Car (left corner $3,400/mo) anchor tenant with long term multi-year lease with escalating lease rents. They also reimburse for water and taxes. Additional long-term tenant on right corner of building that called Pillar Lounge ($1,700/mo). Interior tenants, CB Shop ($500/mo), Reading Education Association ($750/mo), Advance Scale ($750/mo). New 'Conklin' Roof made from specialized acrylic which provides a waterproof and long lasting barrier against the elements.
Full Property Details
Full Property Details for 125 Morgantown Rd
General
- Price: $999,000
- Taxes: $13,521 (2021)
- Status: Pending
- Type: Warehouse
- MLS ID: PABK377744
- Updated: 12/13/2023
- Added to Site: 1, 076 day(s) ago
Business
- Business Type: Other/General Retail, Storage, Professional
Interior
- Flooring: Carpet, Ceramic Tile, Laminated
Rooms
Bathrooms
- Restrooms: 7
Additional Information
- Security/Safety: Fire Detection System, Smoke Detector
Parking
- Total Spaces: 53
- Parking Type: Parking Lot
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Driving Directions: Located on Rte 10 near Business Route 222 (Lancaster Ave). Easy on/off access to Rte 422.
- Location Details: Business District
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water Available, Sewer Available, Phone, Cable TV, Electric Available, Natural Gas Available
Structural Information
- Construction: Block, Stucco, Brick
- Foundation: Slab, Concrete Perimeter
- Roof: Flat, Asphalt, Rubber
- Stories/Levels: 0
- Year Built: 1974
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 1.13
- Lot Size (Sq. Ft.): 49,223
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: COMMERCIAL
Financial Considerations
- Price Per Sq. Ft.: $237.86
- Operating Expenses: $18,570
- Assessment Year: 2021
- School Tax: $5,546
- City/TownTax: $5,607
- City/TownTax Freq: Annually
- County Tax: $2,368
- County Tax Freq: Annually
- Tax w/Assessment: $309,300
- Tax Amount: $13,521
- Tax Year: 2021
- Owner Pays: Water, Sewer, Trash Collection, Snow Removal, Lawn/Shrub Care
- Landlord Pays: Water, Sewer, Trash Collection, Snow Removal, Lawn/Shrub Care
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Exclusions: no exclusions
- Investment: Yes
- Lot Number: 6458
Listed by Premier Property Sales & Rentals, Wesley G Gerstenkorn
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Schools
Schools serving 125 Morgantown Rd
School District:Reading School District
Rating | Name | Grades | Distance |
---|---|---|---|
400 Summit Ave, Reading, PA 19611 | PK-5 | 0.3 mi | |
215 N 12th St, Reading, PA 19604 | 5-8 | 1.4 mi | |
801 N 13th St, Reading, PA 19604 | 10-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 125 Morgantown Rd
Date
Details
Price
Change
Source
9/07/2022
Sold
$950,000
-4.9%
Public Record
6/09/2021
Price Reduced
$999,000
-4.86%
MLS
5/17/2021
Listed
$1,050,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 125 Morgantown Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,521
—
$309,300
—
2022
$13,521
—
$309,300
—
2021
$13,521
1%
$309,300
—
2020
$13,385
—
$309,300
—
2019
$13,385
—
$309,300
—
2018
$13,385
1%
$309,300
—
2017
$13,297
1%
$309,300
—
2016
$13,136
5%
$309,300
—
2015
$12,518
1%
$309,300
—
2014
$12,366
—
$309,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 125 Morgantown Rd
125 Morgantown Road, Reading, PA 19611 (MLS# PABK377744) is a Warehouse property. 125 Morgantown Road is currently listed for $999,000 and was received on May 17, 2021. Want to learn more about 125 Morgantown Road? Do you have questions about finding other Warehouse real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.