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$815,000
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Property Description
**For Sale: Versatile Commercial Building with Development Potential** Explore a prime opportunity with this solid commercial building, fully approved for use as a school, accommodating **80 students and 30 staff members**. This professionally renovated property features a generous **15,556 sq. ft.** spread across two stories. The **handicap-accessible first floor** covers **7,893 sq. ft.**, while the **second floor** spans **7,663 sq. ft.** Each level has its own designated entrance, allowing for separated use by different tenants, providing flexibility and convenience. Zoned **HM (Heavy Manufacturing)**, this building offers many potential uses. Most recently operated as a special needs school, it could easily be transformed into a charter school, technical or vocational school, special needs facility, or large adult/toddler daycare. The zoning also accommodates manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, self-storage facilities, and more. Strategically located just blocks off the exit ramp for **Lancaster Ave. on Route 422**, this property is in close proximity to **Alvernia University**, providing excellent access to regional destinations. It is approximately **2.5 hours from NYC**, **1.5 hours from Harrisburg**, **1.25 hours from Philadelphia**, **1 hour from Allentown and Hershey**, and **45 minutes from Lancaster**. The surrounding area has experienced significant development and growth in recent years, with favorable local government initiatives encouraging new businesses to set up shop. The local **Penn State Health/St. Joseph's Medical Center** is expanding, and the nearby **AW Golden lot** is being transformed into a strip mall with a grocery anchor, further enhancing the appeal of this location for future business opportunities. This property is ripe for your growing business! It is also listed as a commercial lease under **MLS# PABK2043300**. Don't miss out on this exceptional opportunity-contact us today for more information or to schedule a viewing!
Full Property Details
Full Property Details for 641 Gregg Ave
General
- Sold For: $815,000
- Taxes: $11,899 (2025)
- Status: Closed
- Type: Warehouse
- Source: BrightMLSPhilly
- MLS ID: PABK2045640
- Added to Site: 559 day(s) ago
Business
- Business Type: Manufacturing, Institutional, Medical, Professional, T
Interior
- Flooring: Vinyl, Other
Additional Information
- Security/Safety: Exterior Cameras, Security System
Parking
- Total Spaces: 18
- Parking Features: Paved Parking
- Parking Type: Parking Lot, On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Cross Streets: North Angelica St,
- Driving Directions: From Lancaster Ave, take North Angelica St, property is the last on the Right, on the corner with Gregg Ave.
- Location Details: Free Standing
School Information
- High School: Reading Senior
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Electric, Oil
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Structural Information
- Construction: Block, Brick, Mixed Plumbing
- Foundation: Concrete Perimeter
- Roof: Rubber
- Entry Floor Number: 1
- Elevator(s ): 1
- Stories/Levels: 2
- Current Bldg. Use: Vacant
- Year Built: 1940
- Year Built Source: Assessor
- Property Condition: Very Good, Excellent
Unit Information
- # Tenants: Single
- Other Units: Unit 1, Unit 2, Unit 10
Unit 1
- Unit Description: Unit 1
Unit 2
- Unit Description: Unit 10
Unit 3
- Unit Description: Unit 2
Lot Features
- Property View: Street, Other, City
- Lot Dimensions: 130 x 135
- Frontage Feet: 135
- Street/Road Desc.: Paved
- Lot Features: Rear Yard, SideYard(s), Zero Lot Line, Other
- Zoning: HM
- Lot Description: Rear Yard, SideYard(s), Zero Lot Line, Other
Financial Considerations
- Price Per Sq. Ft.: $51.11
- Assessment Year: 2025
- School Tax: $4,734
- City/TownTax: $4,786
- City/TownTax Freq: Annually
- County Tax: $2,379
- County Tax Freq: Annually
- Tax w/Assessment: $264,000
- Tax Amount: $11,899
- Tax Year: 2025
- Owner Pays: Other
- Landlord Pays: Other
Disclosures and Reports
- Ownership: Other
- Investment: Yes
Listed by Destination Realty LLC, Sean H Moretti
Sold by RE/MAX Of Reading, Philip N Macaronis
Get Pre-Approved Today
Schools
Schools serving 641 Gregg Ave
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Millmont El School 400 Summit Avenue, Reading, PA 19611 | PK-4 | 0.5 mi |
Central Middle School, Reading, PA 215 North 12th Street, Reading, PA 19604 | 5-8 | 2 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 2.5 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 641 Gregg Ave
Date
Details
Price
Change
Source
7/29/2025
Sold
$815,000
2.52%
MLS
7/07/2025
Price Reduced
$795,000
-5.92%
MLS
3/28/2025
Price Reduced
$845,000
-10.58%
MLS
2/14/2025
Price Reduced
$945,000
-36.79%
MLS
7/11/2024
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
641 Gregg Avenue, Reading, PA 19611 (MLS# PABK2045640) is a Warehouse property that was sold at $815,000 on July 29, 2025. Want to learn more about 641 Gregg Avenue? 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.

