Office Building with
For Sale
$424,900
301 W LANCASTER AVENUE, Reading, PA 19607
Property includes a dedicated parking area and one-car garage.
Property Size2,837 SF
Price / SF$149.77
Days on Market50
Property Features for 301 W LANCASTER AVENUE
General Information
Standard status
Active
Size
2,837 SF
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
Keller Williams Platinum Realty - Wyomissing
(610) 898-1441
Listed By:
Brad S Weisman · License #AB069629
(484) 256-5836
Source:
Cummingsrealtors
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 7 at 1:14PM
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 Keller Williams Platinum Realty - Wyomissing
Investment Insights
Based on property information with market context.
This office building at 301 W Lancaster Avenue includes a parking lot and a one-car garage. The property was constructed in 1910 and is positioned for office use, with possession scheduled on or around November 1st.
The address is in Reading, Pennsylvania, within ZIP code 19607.
The address is in Reading, Pennsylvania, within ZIP code 19607.
Key Highlights
- Parking lot included
- One‑car garage on the property
- Constructed in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,770
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,400
$475.4K
Cap Rate 7%
$339,571
$339.6K
Cap Rate 9%
$264,111
$264.1K
Market Conditions
NOI Build-Up for 2,837 SF
Gross rent
$36.8K $12.96/SF
− Vacancy
−$5.1K −$1.79/SF
EGI
$31.7K $11.17/SF
− OpEx
−$7.9K −$2.79/SF
NOI
$23.8K $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%
$475,400
Cap Rate 7%
$339,571
Cap Rate 9%
$264,111
Alternative Uses
Best Use
Office B
$339.6K
$297.1K – $396.2K
NOI $23,770 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$465.7K
$407.5K – $543.4K
NOI $32,601 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
427
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Property includes a dedicated parking area and one-car garage.
Where is this office building located?
The property is located at 301 W LANCASTER AVENUE Reading, PA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Parking lot included; One‑car garage on the property; Constructed in 1910
