Reading, PA 19611,216 LANCASTER AVE
Reading, PA 19611,216 LANCASTER AVE
Reading, PA 19611,216 LANCASTER AVE
Reading, PA 19611,216 LANCASTER AVE
Reading, PA 19611,216 LANCASTER AVE
Reading, PA 19611,216 LANCASTER AVE
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$290,000

$299,900

3.3%
Est.Price: ?

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Est. payment /mo

2,800 SqFt


SOLD DATE : 03/05/2021

Key Details

Sold Price $290,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $103

MLS Listing ID PABK366264

Sold Date 03/05/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1980

Annual Tax Amount $7,296

Tax Year 2021

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 0.00 x 0.00

Property Description

Property has 2 buildings; the main building with Lancaster Avenue frontage, formerly Standard Grinding Shop, is about 2,800 SF and consists of a large work-shop area, a showroom, an office, a bath. The second building has 3 garage bays and a 1 BR / 1 Bath apartment (about 600 SF) for extra rental income opportunity. The heating is 2-phased oil hot water and services both buildings. Central air in main building, second building has window unit. Large billboard in front of property is currently under lease and generates an income of $6,000 / year; lease transfers with a current term ending in April 2024.

Location

State PA

County Berks

Area Reading City (10201)

Zoning C-H

Interior

Hot Water Electric

Heating Zoned, Radiator, Hot Water

Cooling Central A/C, Window Unit(s)

Heat Source Oil

Exterior

Garage Spaces 3.0

Water Access N

Accessibility 2+ Access Exits, >84\" Garage Door, Accessible Switches/Outlets, Level Entry - Main, No Stairs

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 18-5306-50-65-2289

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Peter Heim • Keller Williams Platinum Realty
Bought with Nelson F Gamez • Pagoda Realty
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