Twitter
Facebook
Email
|
Value-Add Mixed-Use Investment Opportunity in the City of Reading! 2876 SF mixed-use building featuring two residential apartments and a vacant commercial space, offering immediate upside through lease-up and rent optimization. Current rents: Unit 1 $500/mo, Unit 2 $500/mo; commercial unit vacant "” ideal for owner-occupant or investor. Market rents support strong income growth potential. Estimated income of approximately $30,000 annually supports a near 10% cap rate at asking price, making this an attractive opportunity for investors or SBA buyers seeking business + residential income. Zoned for mixed-use, suitable for office, retail, professional services, salon, or similar neighborhood commercial uses (buyer to verify). Excellent opportunity to add value through leasing the commercial space and modest rent increases. Property sold as-is. Ideal for investor, owner-occupant.
| DAYS ON MARKET | 198 | LAST UPDATED | 11/11/2025 |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Reading City (10201) |
| COUNTY | BERKS | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | READING |
|---|
| PRICE HISTORY | |
| Prior to Aug 20, '25 | $270,000 |
|---|---|
| Aug 20, '25 - Oct 17, '25 | $250,000 |
| Oct 17, '25 - Nov 11, '25 | $225,000 |
| Nov 11, '25 - Today | $199,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Reading City (10201) |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas, Radiant, Steam |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | None |
| SEWER | Public Sewer |
| TAXES | 3033 |
| WATER | Public |
| ZONING | Mixed Use- Commercial office on first floor and two residential units on second floor |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Coldwell Banker Realty
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2026.