3001 Perkiomen Ave, Reading, PA 19606-2751
- Retail space
- 9,432 SF
- 1.13 lot acres
Current Use by Public Records
- A Second Time Around / Discount Store / (Bike/Boat/Book/etc) Store
Property Details for 3001 Perkiomen Ave
- Year built
- 1950
- Lot size
- 1.13 lot acres
- Property type
- Retail space
- APN
- 5326-09-27-1093
- APU
- 532609271093
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 9, 2020 | $350,000 | Pramukh 19 Properties LLC | Eugene Tobolski | Deed | $280k · First National Bank Of Pennsylvania |
| Apr 26, 2017 | $319,000 | Eugene Tobolski | Pottsto1nn Pike Properties LLC | Grant Deed | $255k · Diamond Cu |
| May 16, 2013 | $290,000 | Pottstown Pike Properties LLC | Devon Service LLC | Grant Deed | — |
| Aug 8, 2012 | $2,000 | Devon Services LLC | Sheriff Of County Of Berks | Trustees Deed | — |
| Feb 6, 2009 | $975,000 | John Janason | Grande,antonio | Grant Deed | $775k · Berkshire Bank |
| Mar 28, 2008 | $385,000 | Antonio Grande | Ann Lesko | Other | $308k · Commerce Bank-harrisburg NA |
| — | — | Antonio Grande | — | Deed Of Trust · related | $400k · Berkshire Bank |
| — | — | Antonio Grande | — | Deed Of Trust · related | $335k · Berkshire Bank |
Description
This exceptional Reading, PA commercial property, located at 3001 Perkiomen Ave, presents a compelling investment opportunity. The 9,432 square foot retail building sits on a 1.13-acre lot at the high-traffic intersection of Perkiomen Ave and Oley Turnpike Rd, offering excellent visibility and accessibility. Currently operating as a multi-tenant convenience store with two tenants occupying 25% of the space, the property boasts a strong 7.00% capitalization rate and a net operating income (NOI) of $27,600. The asking price is $395,000, translating to $41.88 per square foot. Built in 2022, the property features six units, three retail spaces on the upper level and three lower-level units potentially combinable into a large warehouse. Ample parking is available with 23 spaces. The property is zoned for commercial use and includes additional developable land in the rear, presenting expansion potential. This prime corner location offers numerous possibilities for investors seeking a high-return retail investment in a thriving Pennsylvania market. The property is a Class C building with a net lease type.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.8767
- Latitude
- 40.3258
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
