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    100-128 Lancaster Ave Reading, PA 19611

    Sponsored
    For Sale
    Contact for pricing

    Three remodeled retail buildings

    Property size:
    3,392 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity comprises three freestanding retail buildings located in high-traffic areas of Reading, York, and Erie, Pennsylvania. Each property boasts ample parking and excellent visibility, previously operating as licensed cannabis dispensaries (licenses not included). The buildings, ranging from 3,392 to 4,550 square feet, sit on lots ranging from 0.87 to 1.06 acres. Recent renovations make them immediately suitable for various retail or restaurant uses. Zoning permits include Commercial Core (Reading), Mixed Use (York), and Commercial (Erie). The properties offer a unique chance to acquire established, well-maintained retail spaces in thriving Pennsylvania communities. Their previous use as cannabis dispensaries provides a strong foundation for future tenants, while the flexible zoning allows for a wide range of commercial applications. This portfolio presents a compelling investment opportunity for those seeking high-visibility retail locations with significant upside potential. The addresses are 100-128 Lancaster Avenue, Reading, PA 19611; 100 Memory Ln, York, PA 17402; and 2178 W 38th St, Erie, PA 16508.

    Property Features for 100-128 Lancaster Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,392 SF
    Lot Size
    37,897 SF

    HighLights

    • Three freestanding retail buildings in Pennsylvania, previously licensed as cannabis dispensaries (licenses not included).
    • Buildings feature ample parking, high visibility, and strong traffic counts.
    • Recently remodeled facilities.
    • Suitable for various retail or restaurant uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9335603
    Latitude
    40.323195

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    FAQs

    What type of property is this?
    Multifamily property - Three remodeled retail buildings
    Where is this multifamily property located?
    The property is located at 100-128 Lancaster Ave Reading, PA.
    What are key features of this property?
    This property features: Three freestanding retail buildings in Pennsylvania, previously licensed as cannabis dispensaries (licenses not included).; Buildings feature ample parking, high visibility, and strong traffic counts.; Recently remodeled facilities.
    Request Owner's contact information
    100-128 Lancaster Ave Reading, PA 19611
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    Reading, PA 19611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100-128 Lancaster Ave Reading, PA 19611
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