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Property profile & analytics
OFF-MARKET
Commercial real estate

311 Mulberry St Reading, PA 19604

1,347 SF 0.03 ac lot Built 1900
Property ID
US73-0072835
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully rented commercial property located at 311 Mulberry Street in Reading, Pennsylvania. The property encompasses 1,347 square feet and sits on a 0.03-acre lot. The property's key feature is its dual-purpose functionality, combining income generation with versatile space. Two spacious garages provide ample storage and workspace, while two additional storage units generate consistent rental income. One of the garages uniquely includes a second-floor loft, offering approximately 500 square feet of adaptable space. This loft area is ideal for a variety of uses, including additional storage, a small office, or a creative workspace. The property's location in a high-demand area of Reading ensures strong tenant occupancy and potential for future rental increases. The well-maintained condition of the building minimizes immediate maintenance needs, maximizing the return on investment. This property is perfectly suited for contractors, businesses requiring substantial storage, or savvy investors seeking a reliable income stream with significant upside potential. The asking price is $62,500. This is a rare opportunity to acquire a profitable, versatile commercial property in a desirable location.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Total area 1,347 SF
Lot 0.03 ac (1,307 SF)
UPID US73-0072835
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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