317 Franklin St Reading, PA 19602

This exceptional mixed-use property at 317 Franklin Street in Reading, PA, presents a compelling investment opportunity. Spanning 8,820 square feet on a 0.15-acre lot, this building offers significant potential for substantial returns. Already approved for conversion into four spacious two-bedroom apartments, each boasting 1,100 square feet of living space, the property boasts a projected capitalization rate exceeding 11%. The ground floor, previously utilized as a seafood market and furniture store, also holds daycare approval, showcasing its versatility. Other potential uses include retail space, office space, or a customized development to suit individual needs. The building is strategically located near the bus station, downtown Reading, Santander Arena, The GoggleWorks, and Reading IMAX Theatre, ensuring high visibility and foot traffic. Further enhancing its appeal, the property features three-phase electric service and a convenient side entrance ideal for deliveries. Its location within a designated Tax Opportunity Zone provides attractive tax benefits for investors. Comprehensive documentation, including sketches, permits, and contractor estimates, is available to facilitate a thorough evaluation and streamlined planning process. This is a rare chance to acquire a high-potential commercial property in a thriving urban setting.