1185 Morgantown Rd Reading, PA 19607
For Lease
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This exceptional industrial property, encompassing two adjoining parcels at 1185 & 1256 Morgantown Road in Reading, Pennsylvania, presents a compelling investment opportunity. The combined 3,100 square foot warehouse, built in 1970, sits on a 4-acre lot and features a 14-foot ceiling height. The property is ideally suited for owner-users seeking a versatile space. Its single-story design and General Industrial zoning offer flexibility for various uses, including contractor operations, storage, or light manufacturing. The strategic location along PA Route 10 in Cumru Township, Berks County, provides convenient access to major highways such as PA Routes 176 and 422, facilitating efficient transportation throughout Berks County and beyond. Additional benefits include ample space for truck parking and even an existing billboard. The property's parcel numbers are 5305-02-87-8274 and 5305-02-97-1373. The asking price is $695,900, translating to $224.48 per square foot. This represents a rare opportunity to acquire a well-located, functional industrial property in a business-friendly environment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.