Flex Suite with Bay
804 FRANKLIN STREET 1ST FLR, Reading, PA 19602
For Sale
New
Contact for pricing
The ground-floor layout includes open work areas, two bathrooms, and a private rear office.
Property Size1,100 SF
Price / SF$1.45
Days on Market5
Property Features for 804 FRANKLIN STREET 1ST FLR
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
BHHS Homesale Realty- Reading Berks
Listed By:
Juan Cortes-Carreno · License PA RS335816
(610) 372-3200
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 8:53AM
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 BHHS Homesale Realty- Reading Berks
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,100-square-foot flex suite occupies the first floor of a building constructed in 1910. An open entrance area and a large bay window lead into additional open space, with two bathrooms and a private office positioned at the rear. The space was previously approved and configured for use as a smoke shop.
The property is at 804 Franklin Street in downtown Reading, with access to the bus terminal, Santander Arena, Penn Street, and Saucony Creek.
The property is at 804 Franklin Street in downtown Reading, with access to the bus terminal, Santander Arena, Penn Street, and Saucony Creek.
Key Highlights
- 1,100 square feet on the first floor
- Large bay window at the entrance
- Open layout with two bathrooms and a private rear office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,418
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,360
$128.4K
Cap Rate 7%
$91,686
$91.7K
Cap Rate 9%
$71,311
$71.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$9.7K $8.83/SF
− Vacancy
−$544 −$0.49/SF
EGI
$9.2K $8.34/SF
− OpEx
−$2.8K −$2.50/SF
NOI
$6.4K $5.83/SF
Area
Berks County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,360
Cap Rate 7%
$91,686
Cap Rate 9%
$71,311
Alternative Uses
Best Use
Retail
$159.3K
$139.4K – $185.9K
NOI $11,153 @ 7.0% cap
Second Best
Flex RnD
$109.9K
$96.2K – $128.3K
NOI $7,695 @ 7.0% cap
Theoretical Best
Office A
$180.6K
$158.0K – $210.7K
NOI $12,640 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,806
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19602, PA
19,782
Population
7,907
Households
2.5
Avg Household Size
32
Median Age
11%
College-Educated
71%
High-School Grad
2.0 sq mi
ZIP Area
9,891
Density / Sq Mi
$38,179
Median Household Income
$30,848
Median Earnings
$978
Median Rent
$73,000
Median Home Value
Market
Average Price Trend$/SF for Flex space in Berks County, PA
Properties on Market for Flex space in Berks County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Mayo's Catering & Events — 209 S 5th St, Reading, PA 19602
- El Anafe — 147 S 6th St, Reading, PA 19602
- Bravo For Rose Catering — 348 Penn St, Reading, PA 19602
- Catering by Doubletree Reading — 701 Penn St, Reading, PA 19601
- Feliciano's Desserts and Catering Inc — 200 N 11th St #8, Reading, PA 19601, United States
Frequently Asked Questions
What type of property is this?
Flex space - The ground-floor layout includes open work areas, two bathrooms, and a private rear office.
Where is this flex space located?
The property is located at 804 FRANKLIN STREET 1ST FLR Reading, PA.
What are key features of this property?
This property features: 1,100 square feet on the first floor; Large bay window at the entrance; Open layout with two bathrooms and a private rear office
