Property profile

31 Sterley St 100 Shillington, PA 19607

OFF-MARKET
Manufacturing properties
Property ID
US73-4133930
1,661 SF Built 1903
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Shillington property offers a unique blend of commercial and residential space, ideal for a business owner seeking a live-work arrangement. Located at 31 S Sterley Street, Unit 100, this 3,180 square-foot property is situated in a completely renovated luxury condo building, offering a sophisticated urban feel without the high city costs. The commercial space, encompassing 1,753 square feet on the first floor, features a modern design with industrial accents. Large open areas are complemented by a kitchenette, powder room, and ample storage. The space benefits from high ceilings and large windows, creating a bright and inviting atmosphere. A significant advantage is the inclusion of a first-floor residential unit, providing 1,427 square feet of living space with its own private entrance. This residential area boasts an open concept layout with tile and vinyl flooring, high ceilings, exposed brick, and a modern kitchen featuring KraftMaid cabinetry, granite countertops, stainless steel appliances, and a breakfast bar. Two bedrooms, one bathroom, and a laundry area complete the residential space. Additional features include a shared common area with high ceilings and large windows, an old-school service elevator with a sliding garage door entry, and a private garage for added storage. The property's convenient location offers proximity to various restaurants, amenities, and Governor Mifflin High School. Priced at $350,000, this property presents a rare opportunity to acquire a combined commercial and residential space in a desirable location.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1903
Total area 1,661 SF
APN 4395-07-58-8358-C01
UPID US73-4133930

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

31 Sterley St, Unit 100 Shillington, PA 19607-1845
Shillington metro Census 11400 READING, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2016
2 recorded transactions
2016
$206,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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