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    1011 Cotton St Reading, PA 19602

    For Sale
    $159,000

    Reading Mixed-Use Property, Huge Potential

    Property size:
    2,178 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This unique 2,178 square foot mixed-use property at 1011 Cotton Street in Reading, PA, presents a rare investment opportunity. Situated on a 0.05-acre lot, this building boasts a rich history, having been owned by the same entity for over a century. The main level features a spacious foyer with two public restrooms, a large gathering hall with seating for up to 80 people, and an updated sound system. A significant altar is also present in the main hall. Upstairs, versatile space includes a full bathroom, an office, and an additional room suitable for a bedroom or meeting area. The basement offers a full kitchen, ample storage, and a large hall area ideal for rental purposes or community events. The property's location is well-suited for building a strong community presence. This historic building is brimming with potential and awaits a visionary owner to restore it to its former glory. The asking price is $159,000. This is a chance to own a piece of Reading's past and shape its future. The property is being sold for the first time in over 100 years.

    Property Features for 1011 Cotton St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,178 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1890
    Property Profile Location Intelligence

    Current Use by Public Records

    Aliento de Vida, ... Church

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.91797
    Latitude
    40.3288

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    FAQs

    What type of property is this?
    Mixed-use property - Reading Mixed-Use Property, Huge Potential
    Where is this mixed-use property located?
    The property is located at 1011 Cotton St Reading, PA.
    What is the asking price?
    The asking price for this property is $159,000.
    (484) 450-8771
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    1011 Cotton St Reading, PA 19602
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    Realmo Value Estimation

    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.

    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.

    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
    1011 Cotton St Reading, PA 19602
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