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317 Franklin St Reading, PA 19602

Sponsored
For Sale
$550,000

High-yield investment, 8,820 sq ft, 4-unit potential.

Property size:
8,820 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
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.

Property Features for 317 Franklin St

General Information

Property type
Mixed-use properties
Square Feet
8,820 SF
Lot Size
6,534 SF

Building Details

Year Built
1920

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

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
-75.93114
Latitude
40.33389

FAQs

What type of property is this?
Mixed-use property - High-yield investment, 8,820 sq ft, 4-unit potential.
Where is this mixed-use property located?
The property is located at 317 Franklin St Reading, PA.
What is the asking price?
The asking price for this property is $550,000.
More about this property
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