Auto Repair Shop with
For Sale
$799,000
349 Buttonwood Street, Reading, PA 19601
Auto repair shop with warehouse space at signalized intersection.
Property Size9,500 SF
Price / SF$84.11
Days on Market195
Property Features for 349 Buttonwood Street
General Information
Standard status
Active
Size
9,500 SF
Property subtype
Industrial
Building Details
Building Size
9,500 SF
Listing Agency:
Capstone Commercial
Listed By:
Ida McMurray, CCIM, SIOR · License #RS209467L
(717) 443-5500
Source:
Capstonecre
Added: Mar 27
Changed: Oct 7
Last Checked: Oct 7 at 10:06AM
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 Capstone Commercial
Investment Insights
Based on property information with market context.
The property, with a size of 9500 square feet, is currently used as an auto repair shop and tire shop. It also includes additional warehouse storage space. The location is at a signalized intersection.
Key Highlights
- Located at a signalized intersection.
- Commercial property.
- Currently used as an auto repair/tire shop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,309
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,180
$1.3M
Cap Rate 7%
$961,557
$961.6K
Cap Rate 9%
$747,878
$747.9K
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$83.9K $8.83/SF
− Vacancy
−$4.7K −$0.49/SF
EGI
$79.2K $8.34/SF
− OpEx
−$11.9K −$1.25/SF
NOI
$67.3K $7.09/SF
Area
Berks County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,180
Cap Rate 7%
$961,557
Cap Rate 9%
$747,878
Alternative Uses
Best Use
Retail
$1.38M
$1.20M – $1.61M
NOI $96,325 @ 7.0% cap · market cap 12.06%
Second Best
Warehouse
$961.6K
$841.4K – $1.12M
NOI $67,309 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,166 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,718
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Penske Collision Repair — 255 Riverfront Dr, Reading, PA 19602
- JBC Customs — 250 Pearl St, Reading, PA 19602
- Herrera's auto Repair — 236 Pearl St, Reading, PA 19602
- Auto Beauty Shop — 300 S 8th St, Reading, PA 19602
- Wkelly-Springfield Tires — 229 S 9th St, Reading, PA 19602
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop with warehouse space at signalized intersection.
Where is this auto shop located?
The property is located at 349 Buttonwood Street Reading, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Located at a signalized intersection.; Commercial property.; Currently used as an auto repair/tire shop.
