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Property profile & analytics
OFF-MARKET
Investment properties

221 Lancaster Ave Shillington, PA 19607-2614

3,664 SF 0.14 ac lot Built 1920
Individually Owned Free & Clear
Property ID
US73-2607046
Property summary
AI-generated overview

This exceptional mixed-use property at 221 E Lancaster Avenue in Reading, PA presents a compelling investment opportunity. Situated on a 0.14-acre lot in Shillington's vibrant Lancaster Avenue business district, this well-maintained building offers 1,368 square feet of versatile space. The first floor, currently configured as a dental office, is easily adaptable to a variety of commercial uses, or could be converted to create a second residential rental unit, significantly increasing income potential. The second floor comprises a charming two-bedroom apartment, complete with updated replacement windows and a delightful screened-in rear porch offering private outdoor space. A separate private entrance adds to the apartment's appeal and enhances tenant privacy. Ample off-street parking is available at the rear of the property, providing convenient parking for both commercial and residential tenants. A detached single-car garage further enhances parking options and offers additional storage space or potential for generating extra rental income. This property's prime location, combined with its flexible layout and attractive features, makes it an ideal investment for those seeking strong rental returns and long-term appreciation. The asking price is $275,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 3,664 SF
Lot 0.14 ac (6,098 SF)
APN 4395-08-89-1285
UPID US73-2607046
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
ANDREW W PARKS
ANDREW W PARKS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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