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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

100-128 Lancaster Ave Reading, PA 19611

4,550 SF 1.06 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 4,550 SF
Lot 1.06 ac (46,174 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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