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125 Morgantown Road

READING, PA 19611
  • $999,000
  • STATUS: Active
  • ON SITE: 198 Days
  • ID#: PABK377744
UPDATED: 138 min ago
$999,000
  • 0
    BEDS
  • 1.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1974
County:

School Ratings & Info

School District:

Description

Fantastic Commercial Investment! 5 unit Office/Retail Center with 36 storage units near major roadways. Fully occupied by great tenants. Enterprise Rent-a-Car (left corner $3,400/mo) anchor tenant with long term multi-year lease with escalating lease rents. They also reimburse for water and taxes. Additional long-term tenant on right corner of building that called Pillar Lounge ($1,700/mo). Interior tenants, CB Shop ($500/mo), Reading Education Association ($750/mo), Advance Scale ($750/mo). New 'Conklin' Roof made from specialized acrylic which provides a waterproof and long lasting barrier against the elements.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-01T23:50:08.897.
www.amandakrallteam.com/homes/117298991
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125 Morgantown Road READING, PA 19611

  • Price: $999,000
  • Status: Active
  • On Site: 198 Days
  • Updated: 138 min ago
  • ID#: PABK377744
0
Beds
0
Baths
0
½ Baths
1.13
Acres
1974
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
School District:
Reading
Property Description
Fantastic Commercial Investment! 5 unit Office/Retail Center with 36 storage units near major roadways. Fully occupied by great tenants. Enterprise Rent-a-Car (left corner $3,400/mo) anchor tenant with long term multi-year lease with escalating lease rents. They also reimburse for water and taxes. Additional long-term tenant on right corner of building that called Pillar Lounge ($1,700/mo). Interior tenants, CB Shop ($500/mo), Reading Education Association ($750/mo), Advance Scale ($750/mo). New 'Conklin' Roof made from specialized acrylic which provides a waterproof and long lasting barrier against the elements.
Exterior Features

Construction Materials BlockStuccoBrick Garage YN No Location Type Business District Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Roof FlatAsphaltRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4200.00 Cooling Central A/C Exclusions No Exclusions Flooring CarpetCeramic TileLaminated Heating 90% Forced Air Heating YN Yes Net Square Feet 6910.00 Security Features Fire Detection SystemSmoke Detector

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2021 Association YN No Business Type Other/General RetailStorageProfessional Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Foundation Details SlabConcrete Perimeter Gross Income 114978.00 Heating Fuel Natural Gas Historic YN No Hot Water ElectricNatural Gas Insurance Expense 2700.00 Lease Considered YN No Maintenance Expense 3000.00 Municipality Reading City Navigable Water YN N Net Operating Income 79691.00 New Construction YN No Number Of Units Total 0 Operating Expense 18570.00 Operating Expense Includes InsuranceWaterSewerTrashSnow RemovalLandscapingOtherManagement FeesRepair/Maintenance Original MLSNumber 304610972440 Owner Pays WaterSewerTrash CollectionSnow RemovalLawn/Shrub Care Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 13521.00 Tax Assessment Amount 309300.00 Tax Lot 6458 Total Actual Rent 114000.00 Trash Expense 1050.00 Utilities Water AvailableSewer AvailablePhoneCable TvElectric AvailableNatural Gas Available Vacation Rental YN No Water Source Public Zoning Commercial Zoning Description Commercial - Highway District

Listing courtesy of Premier Property Sales & Rentals.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-01T23:50:08.897.
 
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