34 E LANCASTER AVE Shillington, PA 19607

255627745 40.303696 -75.96617 230 /listing/255627745-150474843/34-e-lancaster-ave-shillington-pa-19607 False 0 425000.0 6100 101 PABK350554 False
$425,000
  • 6,100 sqft
  • 0.25 lot
  • Est payment $2281.49/mo

Property & Neighborhood Info

Courtesy Of RE/MAX Of Reading

Commercial in READING

Recent price reduction on this excellent commercial investment opportunity. The main level office space includes 5 private offices, kitchen, conference room and public waiting rooms. The lower level office space includes cubicle dividers and 2 separate entrances- could potentially be rented out separately. This space can be used for a wide variety of office, retail and service applications. Located on Lancaster Ave, this all brick mixed use commercial building includes 3400 sq. ft. of office on the main and lower level. This building is well suited for a business owner occupant. For added income, there are 3 residential apartments on the 2nd and 3rd floors. The paved lot includes parking for 14 cars and a 2 car detached garage presently rented for additional rental income. The office space is professional first class and has been recently renovated and is ready for immediate occupancy. Recently updated mechanicals including main rubber roof and two high efficiency gas heating systems. Relocating your business? Call today to view this well maintained building in a prime, high visibility location.

Courtesy Of RE/MAX Of Reading
  1. 6,100 Sq. Ft.
  2. 0.25 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1920
  • Garage: 14.0
  • School District: GOVERNOR MIFFLIN
  • County: Berks
  • Taxes: $10,676.00
  • Tax Year: 2020
  • Units: 4
  • MLS Number:PABK350554

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Electric
  • Exclusions:
    • All tenants personalties
  • Flooring:
    • Carpet
    • Hardwood
    • Laminated
    • Tile/Brick
    • Vinyl
  • Water Heater:
    • Natural Gas
  • Inclusions:
    • Ranges and refrigerators in residential apartment units
  • Building Area Source:
    • Estimated
  • Building Square Feet:
    • 6100.00
  • Business Type:
    • Apartment Building
    • Medical
    • Professional
  • Location:
    • Business District
  • New Construction:
    • No
  • Roof:
    • Rubber
    • Shingle
  • Water Source:
    • Public
  • Foundation:
    • Stone
  • Faces:
    • Northwest
  • Lot Description:
    • Level
    • Private
  • Lot SF Source:
    • Assessor
  • Waterfront:
    • No
  • Electric:
    • 200+ Amp Service
  • Expenses Include:
    • Electric
    • Heating/Cooling
    • Insurance
    • Sewer
    • Trash
    • Water
  • Heating:
    • Hot Water
  • Heating Fuel:
    • Natural Gas
  • Sewer:
    • Public Sewer
  • Security Features:
    • Monitored
    • Motion Detectors
    • Security System
  • Accessibility Features:
    • 32"+ wide Doors
    • Grab Bars Mod
    • Level Entry - Main
  • Road Maintenance:
    • State
  • Road Surface:
    • Black Top
  • Water Access:
    • No
  • Financing:
    • Cash
  • Gross Income:
    • 67684.00
  • Gross Income Includes:
    • Apartment Rentals
    • Professional Offices
  • List Type (Exclusive):
    • Exclusive Right
  • Net Operating Income:
    • 48704.00
  • Owner Pays:
    • Air Conditioning
    • Electricity
    • Gas
    • Heat
    • Insurance
    • Sewer
    • Taxes - Real Estate
    • Trash Collection
    • Water
  • Rental Features:
    • No
  • Assessment Year:
    • 2020
  • Cap Rate:
    • 11.46
  • Electric Exp:
    • 1390.00
  • Gross Expenses:
    • 18980.00
  • Heating Exp:
    • 1496.00
  • Insurance Exp:
    • 1493.00
  • MLSSystem ID:
    • BRIGHT
  • Operating Expense:
    • 18980.00
  • Possession:
    • Immediate
    • Subject to Existing Lease
  • Price Per SQFT:
    • 69.67
  • Rent Amount:
    • 67984.00
  • Total Parking Spaces:
    • 14
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
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931 Russell Drive Ste A Lebanon PA 17042
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40.303696 -75.96617

34 E LANCASTER AVE Shillington, PA 19607

255627745 40.303696 -75.96617 230 /listing/255627745-150474843/34-e-lancaster-ave-shillington-pa-19607 False 0 425000.0 6100 101 PABK350554 False
  • $425,000
  • 6,100 sqft
  • 0.25 lot
  • Est payment $2281.49/mo