317 Franklin Street Reading, PA 19602
Investment opportunity with approved apartments and commercial space.
Type:Mixed Use
Property size:
8,820 SF- Added:
- Jan 19, 2025
- Days on Market:
- 449
- Last Refresh:
- Apr 1 at 9:02 pm
Property Features for 317 Franklin Street
General Information
- Standard status
- Active
- Size
- 8,820 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agent Tyler Miller
Listing office Keller Williams Platinum Realty (610) 898-1441
Listing date Jan 19, 2025
Source Xome
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Overview
Versatile Commercial Property in Reading
This commercial property, located in Reading, offers approximately 9,000 sq. ft. of space and has received approval for the construction of four apartments. Each apartment is planned to include two bedrooms and 1,100 sq. ft. of living space. The first floor presents various possibilities, having previously served as a seafood market and furniture store, and is already approved for use as a daycare. Other potential uses include retail or office space. The property features 3-phase electric and a side entrance for deliveries. Its location offers visibility and foot traffic, with proximity to the bus station, downtown Reading, Santander Arena, The GoggleWorks, and Reading IMAX Theatre. Situated in a designated Tax Opportunity Zone, the property may offer tax benefits to investors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9311395
- Latitude
- 40.3338827
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Investment opportunity with approved apartments and commercial space.
Where is this mixed-use property located?
The property is located at 317 Franklin Street Reading, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High CAP Rate Potential: Offers a potential CAP rate exceeding 11%, indicating a strong return on investment.; Approved for Apartments: Already approved for the construction of 4 spacious apartments, each with 2 bedrooms and 1,100 sq. ft.; Versatile Commercial Space: First floor offers diverse usage possibilities, including daycare (already approved), retail, or office space.
