3001 Perkiomen Ave Reading, PA 19606-2751

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.