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633 E Lancaster Avenue, Reading, PA 19611
$1,250,000
633 E Lancaster Avenue, Reading, PA 19611View this property at 633 E Lancaster Avenue, Reading, PA 19611
633 E Lancaster AvenueReadingPA19611
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Property Description
Welcome to 633 E Lancaster Avenue, a prime commercial property nestled in the heart of the bustling Lancaster Avenue corridor. Boasting a strategic location and an array of desirable features, this investment opportunity presents a lucrative prospect for savvy investors seeking high income-producing assets. Situated on the vibrant Lancaster Avenue corridor, this property enjoys maximum exposure to high traffic flow, ensuring exceptional visibility and accessibility for businesses. Spanning an expansive 9760 square feet, the building offers ample space to accommodate various commercial endeavors. Additionally, the property rests on a generous .56-acre lot, providing substantial room for expansion or development. With over 40 parking spaces available, convenience is prioritized for customers and tenants alike, enhancing the property's appeal and accessibility. Currently leased to a reputable Collision Center, the property benefits from a stable income stream. Furthermore, the tenant assumes responsibility for water, sewer, taxes, and utilities, alleviating the landlord of additional operational costs. This property presents a compelling addition to any investment portfolio, boasting high income-producing potential fueled by its prime location and established tenant. With its strategic location, sizeable footprint, and attractive lease terms, 633 E Lancaster Avenue represents an enticing investment opportunity for discerning investors. Whether seeking to diversify an existing portfolio or capitalize on the thriving commercial landscape of Lancaster Avenue, this property promises enduring value and lucrative returns. Don't miss out on the chance to secure a foothold in one of the region's most coveted commercial corridors. Schedule a viewing today and seize the opportunity to elevate your investment portfolio with this exceptional property.
Full Property Details
Full Property Details for 633 E Lancaster Ave
General
- Price: $1,250,000
- Taxes: $15,502 (2023)
- Status: Active
- Type: Commercial
- MLS ID: PABK2041050
- Updated: 3/21/2024
- Added to Site: 37 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Vinyl
Additional Information
- Security/Safety: Fire Detection System, Security System, Smoke Detector
Parking
- Total Spaces: 40
- Parking Features: Paved Parking
- Parking Type: Parking Lot
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Driving Directions: 422 to Rt 222 S BUS to 633 Lancaster Ave, property is on the Right
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Electric, Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Aluminum Siding, Block, Brick, Mixed Plumbing
- Foundation: Brick/Mortar
- Roof: Pitched, Rubber, Shingle
- Drive-In Doors: 1
- Stories/Levels: 0
- Year Built: 1920
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.56
- Lot Size (Sq. Ft.): 24,393
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: CH
Financial Considerations
- Price Per Sq. Ft.: $128.47
- Operating Expenses: $3,500
- Assessment Year: 2023
- School Tax: $6,358
- City/TownTax: $6,429
- City/TownTax Freq: Annually
- County Tax: $2,715
- County Tax Freq: Annually
- Tax w/Assessment: $354,600
- Tax Amount: $15,502
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 1858
Listed by Century 21 Gold, Anthony Borelli
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Schools
Schools serving 633 E Lancaster Ave
School District:Governor Mifflin School District
Rating | Name | Grades | Distance |
---|---|---|---|
600 Governor Dr, Shillington, PA 19607 | 5-6 | 0.5 mi | |
601 Philadelphia Ave, Shillington, PA 19607 | K-4 | 0.7 mi | |
130 E Lancaster Ave, Shillington, PA 19607 | 7-8 | 0.6 mi | |
101 S Waverly St, Shillington, PA 19607 | 9-12 | 0.5 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 633 E Lancaster Ave
Date
Details
Price
Change
Source
3/21/2024
Listed
$1,250,000
248.25%
MLS
12/22/2003
Sold
$358,934
—
Public Record
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 633 E Lancaster Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,502
—
$354,600
—
2022
$15,502
—
$354,600
—
2021
$15,502
1%
$354,600
—
2020
$15,346
—
$354,600
—
2019
$15,346
—
$354,600
—
2018
$15,346
1%
$354,600
—
2017
$15,245
1%
$354,600
—
2016
$15,060
5%
$354,600
—
2015
$14,351
10%
$354,600
9%
2014
$13,010
—
$325,400
—
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 633 E Lancaster Ave
633 E Lancaster Avenue, Reading, PA 19611 (MLS# PABK2041050) is a Commercial property. 633 E Lancaster Avenue is currently listed for $1,250,000 and was received on March 21, 2024. Want to learn more about 633 E Lancaster Avenue? Do you have questions about finding other Commercial real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.