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Property summary
This 13,000 square foot, two-story office building at 700 E Lancaster Ave in Reading, Pennsylvania, presents a unique owner-user or investment opportunity. Built in 1940 and renovated in 2016, the property boasts a Class B designation and sits on a 0.54-acre lot (APN 18-5306-65-53-2429). The building is zoned CH - Commercial Highway, offering excellent visibility and main street frontage. The flexible floor plan includes approximately 9,500 square feet of vacant space on the main level, ideal for immediate occupancy. The street level, approximately 3,500 square feet, is currently leased month-to-month to an art school. Ample off-street parking is available. The asking price is $975,000 ($75 per square foot), and owner financing may be considered. This versatile property is suitable for traditional office, medical office, or creative office uses, offering a compelling combination of location, size, and potential. The property's previous use as a special needs educational facility provides adaptable space for a variety of businesses. This prime Reading location offers significant advantages for businesses seeking high visibility and convenient access.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Art Studio
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Art Gallery
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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