3601 Perkiomen Ave Reading, PA 19606-2712
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.
-
Shurr & Company PC Accounting Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.