317 Franklin St Reading, PA 19602

Property Details for 317 Franklin St

Year built

1900

Lot size

0.15 lot acres

Property size

2,576 SF

Property type

Warehouses

APN

5306-26-79-0606

APU

530626790606

Description

This exceptional mixed-use property at 317 Franklin Street in Reading, PA, presents a compelling investment opportunity. Spanning 8,820 square feet on a 0.15-acre lot, this building offers significant potential for substantial returns. Already approved for conversion into four spacious two-bedroom apartments, each boasting 1,100 square feet of living space, the property boasts a projected capitalization rate exceeding 11%. The ground floor, previously utilized as a seafood market and furniture store, also holds daycare approval, showcasing its versatility. Other potential uses include retail space, office space, or a customized development to suit individual needs. The building is strategically located near the bus station, downtown Reading, Santander Arena, The GoggleWorks, and Reading IMAX Theatre, ensuring high visibility and foot traffic. Further enhancing its appeal, the property features three-phase electric service and a convenient side entrance ideal for deliveries. Its location within a designated Tax Opportunity Zone provides attractive tax benefits for investors. Comprehensive documentation, including sketches, permits, and contractor estimates, is available to facilitate a thorough evaluation and streamlined planning process. This is a rare chance to acquire a high-potential commercial property in a thriving urban setting.

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Longitude

-75.931

Latitude

40.3339

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments