641 Gregg Ave Reading, PA 19611

Property Details for 641 Gregg Ave

Year built

1940

Property size

15,556 SF

Property type

Medical offices

Property subtype

Manufacturing properties

APN

18-5306-56-44-7060

Description

This 15,556 square foot commercial building in Reading, Pennsylvania, presents a unique investment opportunity. Built in 1940 and renovated in 1993, this Class B property features two units, each with its own entrance, totaling 15,556 square feet. The first floor encompasses 7,893 square feet, while the second floor offers 7,663 square feet. The building boasts 18 parking spaces and is zoned HM (Heavy Manufacturing), allowing for diverse uses. Previously used as a special needs school, its adaptability extends to various possibilities, including charter schools, vocational training centers, daycare facilities, or industrial applications. The property's strategic location, just off Route 422's Lancaster Avenue exit, provides easy access to Alvernia University and major transportation arteries, including proximity to Philadelphia (1.25 hours), Harrisburg (1.5 hours), New York City (2.5 hours), Allentown and Hershey (1 hour), and Lancaster (45 minutes). The building includes accessibility features such as ramps, wide doors and hallways, and an elevator. Security features include exterior cameras and a security system. The asking price is $1,495,000 ($96.10 per square foot). The property's location benefits from recent area development and growth, including the expansion of Penn State Health/St. Joseph’s Medical Center and the construction of a new strip mall. This presents a compelling opportunity for investors seeking a versatile property in a thriving area. The property includes two beds and has an APN of 18-5306-56-44-7060.

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Longitude

-75.9393433

Latitude

40.3184615