2500 Lancaster PikeReading, PA 19607

For Sale
$1,500,000

High-traffic retail space, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 11,139 square foot, single-story retail building situated on a 1.2-acre lot at 2500 Lancaster Pike in Reading, Pennsylvania (zip code 19607). The property boasts a highly visible location in a strong commercial corridor serving the Shillington-Reading market, benefiting from approximately 11,000 vehicles passing daily. The building's prime location ensures excellent accessibility and ample parking. Currently generating a net operating income (NOI) of just over $80,000, this property offers a compelling return on investment. The building is comprised of both retail and residential components, including a 2,150 square foot home. This versatile property is ideal for investors seeking a well-established, income-producing asset in a thriving market. The asking price for this exceptional retail center is $1,500,000. This is a rare opportunity to acquire a substantial retail property with significant upside potential in a high-traffic area. The property's size and location make it an attractive option for a variety of commercial uses.

Highlights

  • 11,139 SF single-story retail/commercial building
  • 2,150 SF residential home
  • High traffic count: approx. 11,000 vehicles per day
  • Mixed-use property with retail and residential tenants
  • Net operating income exceeding $80,000

Property Details for 2500 Lancaster Pike

Property type
Other retail properties, Individual retail properties
Square Feet
11,139 SF
Stories
1
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.2989135
Longitude
-75.9964835
2500 Lancaster Pike, Reading, Pennsylvania

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2500 Lancaster Pike
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