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Ram Bala

ram.bala@kw.com +1(703) 403-5338

$ 1,495,000

Est. payment -/mo

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Active

641 GREGG AVE Reading, PA 19611

15,556 SqFt

UPDATED:

10/31/2024 06:08 AM

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 15,556 sqft

Price per Sqft $96

MLS Listing ID PABK2045640

HOA Y/N N

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $11,723

Tax Year 2024

Lot Dimensions 130 x 135

Property Description

**For Sale: Versatile Commercial Building with Development Potential**
Explore a prime opportunity with this solid commercial building, fully approved for use as a school, accommodating **80 students and 30 staff members**. This professionally renovated property features a generous **15,556 sq. ft.** spread across two stories. The **handicap-accessible first floor** covers **7,893 sq. ft.**, while the **second floor** spans **7,663 sq. ft.** Each level has its own designated entrance, allowing for separated use by different tenants, providing flexibility and convenience.

Zoned **HM (Heavy Manufacturing)**, this building offers many potential uses. Most recently operated as a special needs school, it could easily be transformed into a charter school, technical or vocational school, special needs facility, or large adult/toddler daycare. The zoning also accommodates manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, self-storage facilities, and more.

Strategically located just blocks off the exit ramp for **Lancaster Ave. on Route 422**, this property is in close proximity to **Alvernia University**, providing excellent access to regional destinations. It is approximately **2.5 hours from NYC**, **1.5 hours from Harrisburg**, **1.25 hours from Philadelphia**, **1 hour from Allentown and Hershey**, and **45 minutes from Lancaster**.

The surrounding area has experienced significant development and growth in recent years, with favorable local government initiatives encouraging new businesses to set up shop. The local **Penn State Health/St. Joseph’s Medical Center** is expanding, and the nearby **AW Golden lot** is being transformed into a strip mall with a grocery anchor, further enhancing the appeal of this location for future business opportunities.

This property is ripe for your growing business! It is also listed as a commercial lease under **MLS# PABK2043300**. Don’t miss out on this exceptional opportunity—contact us today for more information or to schedule a viewing!

Location

State PA

County Berks

Area Reading City (10201)

Zoning HM

Interior

Hot Water Electric

Heating Other

Cooling Central A/C

Flooring Vinyl, Other

Heat Source Electric, Oil

Exterior

Garage Spaces 18.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront N

Water Access N

View Street, Other, City

Roof Type Rubber

Street Surface Paved

Accessibility 2+ Access Exits, 32\"+ wide Doors, 36\"+ wide Halls, Elevator, Ramp - Main Level, Other

Road Frontage City/County

Parking Type Parking Lot, On Street

Total Parking Spaces 18

Garage N

Building

Lot Description Rear Yard, SideYard(s), Zero Lot Line, Other

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Reading Senior

School District Reading

Others

Tax ID 18-5306-56-44-7060

Ownership Other

Security Features Exterior Cameras,Security System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Sean H Moretti • Destination Realty LLC

Ram Bala

Agent | License ID: 0225064126

+1(703) 403-5338

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Ram Bala

Ram Bala

641 GREGG AVE Reading, PA 19611

Key Details

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Exterior

Building

Schools

Others

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641 GREGG AVE