Second-Floor Office
New
For Sale
Contact for pricing
20 W LANCASTER AVENUE, Reading, PA 19607
A flexible workspace includes a reception area, private office, kitchen, and bathroom.
Property Size932 SF
Price / SF$1.45
Days on Market6
Property Features for 20 W LANCASTER AVENUE
General Information
Standard status
Active
Size
932 SF
Property subtype
Commercial
Building Details
Year Built
1975
Listing Agency:
Kingsway Realty - Ephrata
(717) 733-4777
Listed By:
Shelby L Hollinger · License #RS205965L
(717) 587-5079
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:04PM
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 Kingsway Realty - Ephrata
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Investment Insights
Based on property information with market context.
Suite 5 is a 932-square-foot office on the second floor of a professional building. Its open layout incorporates a reception area, a separate private office, a kitchen, and a bathroom. Access is by stairs at the front entrance or from the rear, also via stairs, and parking is included.
The building at 20 W Lancaster Avenue in Reading, Pennsylvania, was constructed in 1975. The suite is listed as available beginning December 1, 2026.
The building at 20 W Lancaster Avenue in Reading, Pennsylvania, was constructed in 1975. The suite is listed as available beginning December 1, 2026.
Key Highlights
- 932 SF second‑floor office suite
- Open plan with reception area and private office
- Kitchen and bathroom within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,809
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,180
$156.2K
Cap Rate 7%
$111,557
$111.6K
Cap Rate 9%
$86,767
$86.8K
Market Conditions
NOI Build-Up for 932 SF
Gross rent
$12.1K $12.96/SF
− Vacancy
−$1.7K −$1.79/SF
EGI
$10.4K $11.17/SF
− OpEx
−$2.6K −$2.79/SF
NOI
$7.8K $8.38/SF
Area
Berks County, PA
Vacancy
13.80%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,180
Cap Rate 7%
$111,557
Cap Rate 9%
$86,767
Alternative Uses
Best Use
Office B
$111.6K
$97.6K – $130.2K
NOI $7,809 @ 7.0% cap · market cap 578.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$153.0K
$133.9K – $178.5K
NOI $10,710 @ 7.0% cap · market cap 793.33%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 19607, PA
23,431
Population
10,177
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
11.2 sq mi
ZIP Area
2,092
Density / Sq Mi
$80,550
Median Household Income
$46,953
Median Earnings
$1,283
Median Rent
$210,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible workspace includes a reception area, private office, kitchen, and bathroom.
Where is this office unit located?
The property is located at 20 W LANCASTER AVENUE Reading, PA.
What are key features of this property?
This property features: 932 SF second‑floor office suite; Open plan with reception area and private office; Kitchen and bathroom within the suite
