430 N 3RD Street,  Reading PA, 19601

(Active)
$1,900,000
|
65,062 sqft
|
MLS# PABK310402
1of
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Last Updated: 2/17/2019 10:15 AM
Description for 430 N 3RD Street Reading, PA 19601
RE/MAX Commercial is pleased to present the exclusive offering of the Keystone Building, also known as 440 N 3rd St. The property is located in the City of Reading and consists of two buildings of 65,062 sf and 6,291 sf totaling 71,353 square feet of industrial/warehouse space. The entire site is 2.12 acres. Located 19 miles south of Interstate 78 and with easy access to all other regional roads it is perfectly positioned for ~last mile~ warehousing or as a regional distribution center. There are two parts to the main building, a modern warehouse and a four story warehouse serviced by three freight elevators.The modern warehouse space has 18~ clear heights and 9 covered truck bays which can accommodate up to 52 foot trucks. A lighting project has been completed with high efficiency LED High Bays. The four story building has a convenient contractor/retail space with covered entrance as well as a showroom on the second floor. The remaining floors are open storage areas.The property has received, or is in the process of, $600,000 of capital expense work, including an all new roof 20-year warranted, raising it solidly to a Class B building. M-C Manufacturing Commercial District By Right zoning allows warehouse, distribution and storage facilities as well as many other uses. There is a single NNN tenant in place for the entire property through 4/30/2019 providing solid income until that time. Taxes are very low at $11,508 for the entire property. Ample parking is available through a lot with 15 gated spaces, a lot with 12 spaces ungated spaces and virtually unlimited on street parking.This is a solid property for a user or an investor looking to expand their portfolio.
Price
$1,900,000
None Available
BERKS
65,062 (approx)
PABK310402
Active
Description
RE/MAX Commercial is pleased to present the exclusive offering of the Keystone Building, also known as 440 N 3rd St. The property is located in the City of Reading and consists of two buildings of 65,062 sf and 6,291 sf totaling 71,353 square feet of industrial/warehouse space. The entire site is 2.12 acres. Located 19 miles south of Interstate 78 and with easy access to all other regional roads it is perfectly positioned for ~last mile~ warehousing or as a regional distribution center. There are two parts to the main building, a modern warehouse and a four story warehouse serviced by three freight elevators.The modern warehouse space has 18~ clear heights and 9 covered truck bays which can accommodate up to 52 foot trucks. A lighting project has been completed with high efficiency LED High Bays. The four story building has a convenient contractor/retail space with covered entrance as well as a showroom on the second floor. The remaining floors are open storage areas.The property has received, or is in the process of, $600,000 of capital expense work, including an all new roof 20-year warranted, raising it solidly to a Class B building. M-C Manufacturing Commercial District By Right zoning allows warehouse, distribution and storage facilities as well as many other uses. There is a single NNN tenant in place for the entire property through 4/30/2019 providing solid income until that time. Taxes are very low at $11,508 for the entire property. Ample parking is available through a lot with 15 gated spaces, a lot with 12 spaces ungated spaces and virtually unlimited on street parking.This is a solid property for a user or an investor looking to expand their portfolio.
Listing Information
Property Type: Industrial, Other
1.25 Acres 3O 65,062 (approx)
$292.04 1974
None Available
Electric Water Heater, Public Water Service
Public Sewer
None
Neighborhood
Room Information
Interior Features
None, A/C - Other
Other, None, Other
3
Exterior / Lot Features
None
M-C
Driving Directions
From Buttonwood St, north to building on left.
Financial Considerations
$6,024
2018
Listing Price History

Reading Real Estate

Reading is located in Pennsylvania. Reading, Pennsylvania 19601 has a population of 87,879.

The median household income in Reading, Pennsylvania 19601 is $26,867. The median household income for the surrounding county is $55,798 compared to the national median of $53,482. The median age of people living in Reading 19601 is 29.4 years.

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Courtesy: RE/MAX Of Reading
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This content last refreshed on 2/17/2019 10:15 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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