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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

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    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.
    (610) 898-1441
    Request Owner's contact information
    317 Franklin St Reading, PA 19602
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    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
    317 Franklin St Reading, PA 19602
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