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Property profile & analytics
OFF-MARKET Estimated value $315,000
Investment properties

3601 Perkiomen Ave Reading, PA 19606-2712

4,189 SF 0.32 ac lot Built 1932
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-2102821
Property summary
AI-generated overview

This exceptional two-story, 3,000 square foot office building, situated on a 0.32-acre lot in Reading, Pennsylvania, presents a compelling investment opportunity. Built in 1932 and meticulously maintained, this Class B property boasts timeless charm and character within a high-demand commercial zone. Currently configured as a single-tenant space, the building offers significant potential for owner-occupancy or continued lease income. The existing tenant is open to a lease-back arrangement, providing a strong passive income stream for investors. Located conveniently off Route 422, this property offers easy access to Reading and other key areas. The asking price is $450,000, translating to $150 per square foot. This represents a rare chance to acquire a well-maintained, historically significant commercial property in a thriving location with excellent potential for long-term growth and return on investment. The property is zoned for commercial use and offers a single unit within a single building.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1932
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,189 SF
Lot 0.32 ac (13,939 SF)
APN 5326-14-24-9694
UPID US73-2102821
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
Current use
Occupant on record · Public records
  • Shurr & Company PC Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k
Owner & transaction history
520 Investments LLC · 7 yrs held
520 Investments LLC
since 2018
4 recorded transactions
2018
$274,900
2016
$479,000
2012
$250,000
1994
$132,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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