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618-620 N 8TH Street

READING, PA 19604
  • $1,100,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: PABK2014658
UPDATED: 34 min ago
$1,100,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Two adjoining commercial building housing a successful day care business is ready for a new owner. Seven years left to current 10 year lease). The qualified staff and their expertise make this centerrenowned and highly respected in the city of reading. A large parking lot and outdoor play yard suppliessafety and space for outdoor fun. One four story building has the upper two floors ready for expansion. Current daycare tenant would rent the two floors (3 & 4) when fit-out is completed. Estimates have been uploaded. Listing agent must be present for first showings. Property being sold includes: 12-5307-60-93-3795 (618 N 8th), 12-5307-60-93-933798 (620 N 8th), 12-5307-68-93-3695 (600 N 8th Parking Lot)

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©2022 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 New Home Team of Maryland | RE/MAX Distinctive. 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: 2022-05-20T22:51:27.993.
www.newhometeammd.com/homes/127872868
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618-620 N 8TH Street READING, PA 19604

  • Price: $1,100,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 34 min ago
  • ID#: PABK2014658
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1900
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
School District:
Reading
Property Description
Two adjoining commercial building housing a successful day care business is ready for a new owner. Seven years left to current 10 year lease). The qualified staff and their expertise make this centerrenowned and highly respected in the city of reading. A large parking lot and outdoor play yard suppliessafety and space for outdoor fun. One four story building has the upper two floors ready for expansion. Current daycare tenant would rent the two floors (3 & 4) when fit-out is completed. Estimates have been uploaded. Listing agent must be present for first showings. Property being sold includes: 12-5307-60-93-3795 (618 N 8th), 12-5307-60-93-933798 (620 N 8th), 12-5307-68-93-3695 (600 N 8th Parking Lot)
Exterior Features

Construction Materials Mixed PlumbingStone Garage YN No Location Type Business District Lot Features No Thru StreetOpenPrivate Parking Features PrivatePaved ParkingLighted ParkingSecurity/MonitoredHandicap ParkingFenced Parking Types Parking LotOn Street Property Condition Very Good Riparian Rights YN No Roof MetalRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 24340.00 Cooling Central A/C Flooring HardwoodVinyl Heating Forced Air Heating YN Yes Net Square Feet 24340.00 Security Features Fire Detection SystemSecurity GateSecurity SystemSprinkler System - Indoor

Property Features

Acceptable Financing CashConventional Accessibility Features Roll-In ShowerRamp - Main LevelLow Pile Carpeting Annual Gross Expense 13818.42 Assessment Year 2022 Business Type Day Care Facility Central Air YN Yes Cooling Fuel Electric Cross Street Oley St Electric 440 Volts Gross Income 122400.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 6019.00 Maintenance Expense 678.00 Municipality Reading City Navigable Water YN N Net Operating Income 108581.58 New Construction YN No Number Of Units Total 0 Operating Expense 13818.42 Operating Expense Includes InsuranceManagement Fees Original MLSNumber 801492268252 Owner Pays InsuranceTaxes - Real EstateOther Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Services Sale Type Standard Sewer Public Sewer Tax Annual Amount 6483.00 Tax Assessment Amount 148300.00 Tax Lot 3795 Total Actual Rent 122400.00 Transportation Bus Stop Less Than 1 Mile Utilities Electric AvailableMultiple Phone LinesNatural Gas AvailablePhoneSewer AvailableUnder GroundWater Available Vacation Rental YN No Water Source Public Year Built Effective 2012 Zoning Commercial

Listing courtesy of Compass Re.


©2022 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 New Home Team of Maryland | RE/MAX Distinctive. 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: 2022-05-20T22:51:27.993.
 
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