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    625-627 Spring St Reading, PA 19610

    Sponsored
    For Sale
    $3,990,000

    Spacious office/warehouse, strong tenants

    Property size:
    26,860 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a 26,860-square-foot commercial property situated on a 3.15-acre lot at 625-627 Spring Street in Reading, Pennsylvania. The property comprises a substantial 22,060-square-foot office/medical space and an attached 4,800-square-foot warehouse. This well-established property boasts a strong tenant base, with KPS and FMC occupying their respective suites since August 1996. Both tenants recently extended their leases, demonstrating a long-term commitment to the location and highlighting the property's desirability. The nature of Fresenius Medical Care's business provides a degree of recession-resistance, offering investors a stable and reliable income stream. The property is being offered as a leaseback sale, providing a seamless transition for the current owner and a secure investment for the new owner. The location in Reading, PA offers excellent access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, income-producing property with established, long-term tenants in a desirable location. The asking price is $3,990,000. Detailed financial information and lease agreements are available upon request.

    Property Features for 625-627 Spring St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    26,860 SF
    Lot Size
    137,214 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.96323
    Latitude
    40.3469

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious office/warehouse, strong tenants
    Where is this office property / space located?
    The property is located at 625-627 Spring St Reading, PA.
    What is the asking price?
    The asking price for this property is $3,990,000.
    (610) 670-2770
    Request Owner's contact information
    625-627 Spring St Reading, PA 19610
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    Reading, PA 19610
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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
    625-627 Spring St Reading, PA 19610
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