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    100-128 Lancaster Ave Reading, PA 19611

    For Sale
    Contact for pricing

    Prime Reading, PA Retail Investment

    Property size:
    4,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a portfolio of three single-family rental properties totaling 4,550 square feet situated on a 1.06-acre lot in Reading, Pennsylvania. Located at 100-128 Lancaster Avenue, 19611, these properties are zoned C-C (Commercial Core), offering significant flexibility for future use. Each freestanding building boasts ample parking and high visibility, ensuring strong tenant appeal. Previously licensed as cannabis dispensaries by the state of Pennsylvania in 2020, these properties are ideally suited for a variety of commercial ventures. The sale does not include the cannabis licenses; however, their compliant status presents a unique advantage for prospective licensees or those seeking relocation options. Each building has undergone recent renovations by the current operator, resulting in modern, move-in ready spaces. These properties are perfectly positioned for traditional retail storefronts, restaurants, or other commercial uses, making them an attractive investment with considerable upside potential in a thriving Berks County location. The properties' strategic location ensures high traffic counts and excellent visibility, contributing to a strong return on investment. This portfolio offers a rare chance to acquire established, well-maintained commercial properties in a desirable location with diverse redevelopment possibilities.

    Property Features for 100-128 Lancaster Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,550 SF
    Lot Size
    46,174 SF

    HighLights

    • Retail/Multifamily Portfolio: 4,550 SF on 1.06 acres in Reading, PA.
    • Located at 100‑128 Lancaster Avenue, Reading, PA 19611, zoned C‑C (Commercial Core).
    • Each building is a freestanding retail structure with ample parking and high visibility.
    • Properties were previously licensed cannabis dispensaries (licenses not included in sale).
    • Recently remodeled and 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 - Prime Reading, PA Retail Investment
    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: Retail/Multifamily Portfolio: 4,550 SF on 1.06 acres in Reading, PA.; Located at 100-128 Lancaster Avenue, Reading, PA 19611, zoned C-C (Commercial Core).; Each building is a freestanding retail structure with ample parking and high visibility.
    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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