Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    221 Lancaster Ave Reading, PA 19607

    Sponsored
    For Sale
    $275,000

    Prime Reading Investment: Dental Office & Apartment

    Property size:
    1,368 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property at 221 E Lancaster Avenue in Reading, PA presents a compelling investment opportunity. Situated on a 0.14-acre lot in Shillington's vibrant Lancaster Avenue business district, this well-maintained building offers 1,368 square feet of versatile space. The first floor, currently configured as a dental office, is easily adaptable to a variety of commercial uses, or could be converted to create a second residential rental unit, significantly increasing income potential. The second floor comprises a charming two-bedroom apartment, complete with updated replacement windows and a delightful screened-in rear porch offering private outdoor space. A separate private entrance adds to the apartment's appeal and enhances tenant privacy. Ample off-street parking is available at the rear of the property, providing convenient parking for both commercial and residential tenants. A detached single-car garage further enhances parking options and offers additional storage space or potential for generating extra rental income. This property's prime location, combined with its flexible layout and attractive features, makes it an ideal investment for those seeking strong rental returns and long-term appreciation. The asking price is $275,000.

    Property Features for 221 Lancaster Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,368 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Parks Andrew W ... Dentist Joanne Tammaro Beauty ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -75.96326
    Latitude
    40.30574

    Nearby Similar for Sale

    • $2,500,000
      0.28 Acres

      Downtown Reading Professional Office Building

      68,000+/- SF office building in downtown Reading, PA.
      19 N 6Th St, Reading, PA 19601
      View Details
    • $674,900
      2,783 SF

      Restaurant, Tavern, and Residential Property

      Established restaurant, tavern, residential home, and workshop with revenue potential.
      2201 Perkiomen Ave, Reading, PA 19606
      View Details
    • $395,000
      4,210 SF

      Historic Victorian Multifamily Residence

      Grand historic residence in Reading's Callowhill Historic District.
      226 S 5Th St, Reading, PA 19602
      View Details
    • New
      $314,900
      3,000 SF

      Well-Maintained Multi-Unit Property in Reading

      Turnkey triplex in Reading, PA with strong rental history.
      532 Washington St, Reading, PA 19601
      View Details
    • New
      $250,000
      1,265 SF

      Craftsman Multi-Family in West Lawn

      Two-unit property in Wilson School District, West Lawn, PA.
      607 Lawn Ave, West Lawn, PA 19609
      View Details
    • $324,900
      0.14 Acres

      Office Building in West Reading

      Office building with detached garage in West Reading business district.
      612 Reading Ave, Reading, PA 19611
      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 St, Reading, PA 19604
      View Details
    • $275,000
      2,670 SF

      Mixed-Use Commercial Property with Apartment

      Three-story commercial property with apartment and endless potential.
      1262 Church St, Reading, PA 19601
      View Details
    • $475,000
      3,800 SF

      Reading Mixed-Use Investment Opportunity

      Renovated mixed-use property with commercial and residential units.
      731 Washington St, Reading, PA 19601
      View Details
    • $294,900
      2,540 SF

      Reading Triplex with Parking

      Triplex in Reading, PA with off-street parking.
      321 N 6Th St, Reading, PA 19601
      View Details
    • $950,000
      6,500 SF

      Mixed-Use Property Facing City Park

      Four-unit mixed-use property in high-traffic location across from park.
      1049 Penn St, Reading, PA 19601
      View Details
    • $260,000
      2,158 SF

      Remodeled Duplex with Off-Street Parking

      Reading duplex with seven bedrooms, remodeled in 2025, includes parking.
      21 S 3Rd St, Reading, PA 19602
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Reading Investment: Dental Office & Apartment
    Where is this mixed-use property located?
    The property is located at 221 Lancaster Ave Reading, PA.
    What is the asking price?
    The asking price for this property is $275,000.
    (610) 373-9900
    Request Owner's contact information
    221 Lancaster Ave Reading, PA 19607
    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.
    221 Lancaster Ave
    Reading, PA 19607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    221 Lancaster Ave Reading, PA 19607
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.