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Warehouse with 3-Unit Apartment Building
For Sale
$650,000

2311-R PENN AVE, Reading, PA 19609

Two parcels on one deed combine warehouse operations with a detached, updated residential building.

Property SizeContact for details
Days on Market47

Property Features for 2311-R PENN AVE

General Information

Standard status Active

Building Details

Buildings 2
Construction brick
Listing Agency: Howard Hanna Krall Real Estate
Listed By: Kristie Windle · License #RS335987
Source: Graves
Added: Sep 1 Changed: Oct 13 Last Checked: Oct 16 at 8:13AM

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 Howard Hanna Krall Real Estate

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Investment Insights

Based on property information with market context.

This offering combines a large brick warehouse with a separate brick residential building on two parcels conveyed under one deed. The warehouse has concrete floors, an office, a half bath, extensive work area, rough-in plumbing, upper-level storage, two man doors, a wide garage door, and a full concrete basement with a utility sink and storage rooms. Electrical wiring and the panel box have been updated, and the building has a newer rubber roof. Rear parking and access through a wide alley support the warehouse configuration, with a security camera system on the property.

The detached building at 2311 Penn Ave. contains 3 updated units, each with its own electric panel and water heater located in the basement. A rear office serves the building, which also has a security system. The full basement includes coin-operated laundry equipment for tenants.

Key Highlights

  • Two parcels conveyed on one deed
  • Large brick warehouse with concrete flooring, office, half bath, wide garage door, and full basement
  • Warehouse includes two man doors, upper‑level storage, rough‑in plumbing, and rear parking

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

349
Businesses Nearby
Under-served
Demand for This Use

Demographics for 19609, PA

10,478
Population
4,291
Households
2.4
Avg Household Size
40
Median Age
37%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
4,556
Density / Sq Mi
$80,748
Median Household Income
$45,859
Median Earnings
$1,307
Median Rent
$222,000
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Frequently Asked Questions

What type of property is this?
Warehouse - Two parcels on one deed combine warehouse operations with a detached, updated residential building.
Where is this warehouse located?
The property is located at 2311-R PENN AVE Reading, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two parcels conveyed on one deed; Large brick warehouse with concrete flooring, office, half bath, wide garage door, and full basement; Warehouse includes two man doors, upper‑level storage, rough‑in plumbing, and rear parking
More about this property
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