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    Mixed-use properties

    1011 Cotton St, Reading, PA 19602

    2,178 SF 0.05 ac lot Built 1890
    Property ID
    Property summary
    AI-generated overview

    This unique 2,178 square foot mixed-use property at 1011 Cotton Street in Reading, PA, presents a rare investment opportunity. Situated on a 0.05-acre lot, this building boasts a rich history, having been owned by the same entity for over a century. The main level features a spacious foyer with two public restrooms, a large gathering hall with seating for up to 80 people, and an updated sound system. A significant altar is also present in the main hall. Upstairs, versatile space includes a full bathroom, an office, and an additional room suitable for a bedroom or meeting area. The basement offers a full kitchen, ample storage, and a large hall area ideal for rental purposes or community events. The property's location is well-suited for building a strong community presence. This historic building is brimming with potential and awaits a visionary owner to restore it to its former glory. The asking price is $159,000. This is a chance to own a piece of Reading's past and shape its future. The property is being sold for the first time in over 100 years.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1890
    Total area 2,178 SF
    Lot 0.05 ac (2,178 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
    Current use
    Occupant on record · Public records
    • Aliento de Vida, Reading, PA Church
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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