General Industrial Warehouse with
1185 Morgantown Rd Reading, PA 19607
For Sale
Contact for pricing
Pending
3,200 SF warehouse on General Industrial-zoned land with an on-site billboard generating income.
Property Size3,100 SF
Days on Market615
Property Features for 1185 Morgantown Rd
General Information
Standard status
Pending
Size
3,100 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Keystone Commercial & Industrial, LLC
(610) 207-0955
Listed By:
Brian McCahon · License #RS351368
(610) 207-0955
Source:
Moodyscre
Added: Nov 21, 2024
Changed: Jul 26
Last Checked: Jul 28 at 1:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Keystone Commercial & Industrial, LLC
Investment Insights
Based on property information with market context.
This offering includes a 3,200 SF warehouse with General Industrial zoning. The property also features a billboard on-site with income. A tenant is currently on the property with income and may stay or vacate, depending on the buyer’s preference.
The property is well suited to industrial and contractor-oriented uses where truck parking or jobsite staging is important, consistent with the General Industrial zoning designation.
The warehouse, billboard income stream, and flexible tenant arrangement provide a straightforward setup for an owner-operator or investor seeking an industrial property in Reading, PA.
The property is well suited to industrial and contractor-oriented uses where truck parking or jobsite staging is important, consistent with the General Industrial zoning designation.
The warehouse, billboard income stream, and flexible tenant arrangement provide a straightforward setup for an owner-operator or investor seeking an industrial property in Reading, PA.
Key Highlights
- 3,200 SF warehouse on General Industrial‑zoned land
- On‑site billboard generates income
- Tenant on the property provides income and may stay or vacate
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.4k | $8.83 |
| − Vacancy | −$1.5k | −$0.49 |
| EGI | $25.8k | $8.34 |
| − OpEx | −$3.9k | −$1.25 |
| NOI | $22.0k | $7.09 |
3,100 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$313.8K
$274.6K – $366.1K
NOI $21,964 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.9K
$445.3K – $593.7K
NOI $35,623 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Berks Storage — 1060 Morgantown Rd, Reading, PA 19607
- Route 10 Self Storage — 1060 Morgantown Rd, Reading, PA 19607
Frequently Asked Questions
What type of property is this?
Warehouse - 3,200 SF warehouse on General Industrial-zoned land with an on-site billboard generating income.
Where is this warehouse located?
The property is located at 1185 Morgantown Rd Reading, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,200 SF warehouse on General Industrial‑zoned land; On‑site billboard generates income; Tenant on the property provides income and may stay or vacate
