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Marjorie Dick Stuart

  • Cell 240-731-8079
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401 Walnut St, READING, PA – $1,250,000

  • $1.3M Price
  • 11,000 Sqft
  • .11 Acres
  • 195 DOM
  • $1.3M Price
  • 11,000 Sqft
  • .11 Acres
  • 195 DOM

401 Walnut St

Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.

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Essential Information

  • MLS® #PABK2033346
  • Price$1,250,000
  • Bathrooms0.00
  • Square Footage11,000
  • Acres0.11
  • Year Built1880
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StatusActive

Community Information

  • Address401 Walnut St
  • AreaReading City (10201)
  • CityREADING
  • CountyBERKS-PA
  • StatePA
  • MunicipalityREADING CITY
  • Zip Code19601

Amenities

Utilities

Electric Available, Natural Gas Available, Sewer Available, Water Available

Interior

  • HeatingForced Air
  • CoolingNone

Exterior

  • ExteriorStone

School Information

  • DistrictREADING

Additional Information

  • Date ListedNovember 5th, 2023
  • Days on Market195
  • ZoningCOMM

Listing Details

  • OfficeSpringer Realty Group
  • Office Contact(484) 498-4000
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Price Change History for 401 Walnut St, READING, PA (MLS® #PABK2033346)

Date Details Price Change
Price Increased $1,250,000 $50,000 (4.17%)
Price Reduced (from $1,450,000) $1,200,000 $250,000 (17.24%)
Active (from Coming Soon) – –

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Listing information last updated on May 17th, 2024 at 11:19pm CDT.