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    700 Lancaster Ave Reading, PA 19607

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    For Sale
    $975,000

    Two-story office building with flexible floor plan and parking.

    Property size:
    13,000 SF

    Property Features for 700 Lancaster Ave

    General Information

    Size
    13,000 SF

    Building Details

    Year built
    1940

    Source: John Buccinno, SIOR CCIM Agent John Buccinno, SIOR CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    13,000 SF Office Building For Sale

    This 13,000 square foot building features two floors. The main level, comprising approximately 9,500 square feet, is currently vacant and suitable for immediate occupancy by a user or tenant. It was previously used as a special needs educational facility. The street-level space, which is approximately 3,500 square feet, is currently leased to an art school on a month-to-month basis. The property is zoned Highway Commercial and is located at the corner of Lancaster Avenue and Angelica Street in Reading, PA, providing excellent access and visibility. Off-street parking is available. The building offers excellent visibility with main street frontage and a flexible floor plan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reading Mortgage Corporation Mortgage Lender The Warehouse Studios Art Studio Sandra Kaye Studios ... Art Gallery

    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
    -75.9378024
    Latitude
    40.317012

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    FAQs

    What type of property is this?
    Office building - Two-story office building with flexible floor plan and parking.
    Where is this office building located?
    The property is located at 700 Lancaster Ave Reading, PA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - 9,500 SF Vacant Main Level Ready for User or Tenant; - Highway Commercial Zoning; - Excellent Visibility with Main Street Frontage
    (610) 370-8508
    Request Owner's contact information
    700 Lancaster Ave Reading, PA 19607
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    Reading, PA 19607
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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
    700 Lancaster Ave Reading, PA 19607
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