705 Friedensburg RdReading, PA 19606

This exceptional 3.25-acre property in Reading, Pennsylvania, presents a unique investment opportunity. The main structure is a substantial 33,000-square-foot, two-story former elementary school building, constructed in 1935 and renovated in 2008. Currently utilized for special needs classes, the building offers significant potential for repurposing. The property also includes a separate residential house leased on a month-to-month basis. Located in Berks County, at 705 Friedensburg Rd, zip code 19606, the site is zoned R-4: High Density Residential, opening doors to a variety of redevelopment options. Consider the possibilities of converting the existing building into residential units, developing a multi-family complex, or maintaining its use as an educational facility. The asking price is $950,000, representing a price per square foot of $28.79 and a price per unit of $950,000. The seller is open to exploring flexible sale terms. This property offers a compelling blend of existing infrastructure and significant future development potential. The property's location provides easy access to Reading's amenities and infrastructure. This is a rare chance to acquire a substantial property with a wide range of potential uses.