Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    200 W LANCASTER Avenue Reading, PA 19607

    View on Map
    For Sale
    $1,250,000

    MULTI_FAMILY - READING, PA

    Property size:
    15,000 SF
    Lot size:
    0.30 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    83
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 200 W LANCASTER Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    23
    Parking features
    Parking Lot, Garage - Detached, On Street
    Standard status
    Active
    Size
    15,000 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    7549

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1910
    Number of units
    4
    Building materials
    Block, Brick, Masonry, Stucco, Frame

    We can help!

    Listing Contact
    Robert Savory

    Listing agent Robert Savory License #RS319543

    Listing office Destination Realty LLC 100 S 5th Street, Reading, PA

    Listing date Jan 8, 2026

    MLS# PABK2067046

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shillington Commercial Investment Opportunity

    This commercial property, situated in the heart of downtown Shillington, presents an investment opportunity on a 0.3-acre lot. Constructed in 1910, the building incorporates brick, concrete, and stucco, contributing to its durability. The property is a 15-unit building with a total area of 15000 square feet. Currently in below-average condition, it offers potential for renovations to increase rental income or resale value. Located less than 10 miles from the airport and within a mile of public transportation, the property benefits from accessibility. Parking includes private garages and surface lots. A clean Phase I environmental assessment report is available. This property is located in READING, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Speedway Grocery & Convenience Store Amazon Locker - Pietro Postal Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.97193
    Latitude
    40.30413

    Nearby Similar for Sale

    • $879,900

      Iconic Restaurant & Event Venue

      Berks County landmark with restaurant, bar, and event venue.
      2619 HILL Road, READING, PA 19606
      View Details
    • $2,500,000

      Downtown Reading Professional Office Building

      68,000+/- SF multi-tenant office building in downtown Reading, PA.
      19 N 6TH Street, READING, PA 19601
      View Details
    • $650,000

      Mixed-Use Property with Expansion Potential

      Well-maintained mixed-use property with commercial storefront and residential units.
      226 N 10TH Street, READING, PA 19601
      View Details
    • $74,900

      Established Pizza/Sandwich Shop Business

      Profitable pizza/sandwich shop with delivery sales and growth potential.
      3201 Pottsville Pike, Muhlenberg Twp, PA 19605
      View Details
    • $254,900
      2,456 SF

      Spacious Corner Duplex in Reading

      Corner duplex with two units and off-street parking.
      131 W GREENWICH Street, READING, PA 19601
      View Details
    • $500,000
      2,946 SF

      Reading Multifamily Investment Opportunity

      Seven-unit property near park, great investment potential.
      357 S 3RD Street, READING, PA 19602
      View Details
    • $395,000
      4,210 SF

      Historic Victorian Multifamily Residence

      Grand historic residence in Reading's Callowhill Historic District.
      226 S 5TH Street, READING, PA 19602
      View Details
    • $300,000

      Commercial Property on Perkiomen Avenue

      Well-located commercial property with high visibility and easy access.
      1265 Perkiomen Ave, Reading, PA 19602
      View Details
    • $550,000
      2,500 SF

      Profitable Cafe and Catering Business

      Thriving cafe and catering business for sale in Reading, PA.
      84 Commerce Drive, Reading, PA 19610
      View Details
    • $214,900
      1,330 SF

      West Lawn Multi-Family Twin Home

      Affordable 3-bedroom twin in a convenient West Lawn location.
      2923 Elm Place, Spring Twp, PA 19609
      View Details
    • $285,000
      1,359 SF

      Charming Turnkey Income-Ready Multi-Family

      Well-maintained 2-unit property, ideal for investors or owner-occupants.
      645 N 10TH, READING, PA 19604
      View Details
    • $3,000,000
      40,000 SF

      Downtown Reading Commercial Redevelopment Opportunity

      40,000 SF building in Reading's Central Business District.
      511 - 515 PENN STREET, READING, PA 19601
      View Details

    FAQs

    What type of property is this?
    Storefront property - 15-unit commercial building in downtown Shillington, prime for investment.
    Where is this storefront property located?
    The property is located at 200 W LANCASTER Avenue Reading, PA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime downtown Shillington location offers strong potential for commercial space rentals.; Proximity to public transportation (within 1 mile) and the airport (less than 10 miles) ensures excellent accessibility.; Durable construction materials (brick, concrete, stucco) provides longevity and low maintenance.
    (215) 783-6721
    We can help!
    Listing Contact
    Robert Savory
    Real Estate License ID: RS319543
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!