1014 Windsor St Reading, PA 19604
This exceptional 40,000 square foot industrial property, situated at 1014 Windsor Street in Reading, Pennsylvania, presents a compelling investment opportunity. The former mill building boasts a strategic location, just one block away from the newly constructed STEM education center for the Reading School District, ensuring high visibility and potential for future development. The building itself is structurally sound and features two convenient drive-in bays equipped with new overhead doors, along with a functional loading dock for efficient material handling. Internal transport is facilitated by a large freight elevator, providing easy access to the upper floors. The property sits on a 0.23-acre lot, offering ample space for maneuvering and potential expansion. All essential utilities are readily available, simplifying the process for any future tenant or owner looking to adapt the space to their specific needs. The building's size and features make it suitable for a variety of industrial uses, from warehousing and manufacturing to light industrial operations. Its proximity to the STEM center adds significant value, attracting a skilled workforce and fostering a vibrant community environment. This property represents a rare opportunity to acquire a well-maintained industrial building in a rapidly developing area of Reading, Pennsylvania. The asking price is $305,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.