31 Sterley St Shillington, PA 19607
- Manufacturing properties
- 1,661 SF
Current Use by Public Records
- Manufacturing properties
Property Details for 31 Sterley St
- Year built
- 1903
- Property size
- 1,661 SF
- Property type
- Manufacturing properties
- APN
- 4395-07-58-8358-C01
- APU
- 439507588358C01
Description
This exceptional Shillington property offers a unique blend of commercial and residential space, ideal for a business owner seeking a live-work arrangement. Located at 31 S Sterley Street, Unit 100, this 3,180 square-foot property is situated in a completely renovated luxury condo building, offering a sophisticated urban feel without the high city costs. The commercial space, encompassing 1,753 square feet on the first floor, features a modern design with industrial accents. Large open areas are complemented by a kitchenette, powder room, and ample storage. The space benefits from high ceilings and large windows, creating a bright and inviting atmosphere. A significant advantage is the inclusion of a first-floor residential unit, providing 1,427 square feet of living space with its own private entrance. This residential area boasts an open concept layout with tile and vinyl flooring, high ceilings, exposed brick, and a modern kitchen featuring KraftMaid cabinetry, granite countertops, stainless steel appliances, and a breakfast bar. Two bedrooms, one bathroom, and a laundry area complete the residential space. Additional features include a shared common area with high ceilings and large windows, an old-school service elevator with a sliding garage door entry, and a private garage for added storage. The property's convenient location offers proximity to various restaurants, amenities, and Governor Mifflin High School. Priced at $350,000, this property presents a rare opportunity to acquire a combined commercial and residential space in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $265,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $230,000
- Mixed-Use
- $250,000
- Hospitality
- $245,000
- Educational
- $230,000
- Residential Income
- $255,000
- Energy
- $275,000
- Income-Based Land
- $270,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Shillington
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9717
- Latitude
- 40.3035
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
