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$495,000 For Sale

601 Fritztown Road
Reading, PA 19608

Condo
12,320 sq ft; lot: 6.5 acres - MLS# PABK325722
Property Photo
1/4

Description

Attractive 12, 320 SF 2-Story Colonial with Great Curb-Appeal and 61 Surface Parking Spaces on 1.3 Acres. Ideal for Professional Offices, Retail, Showroom, or Light Warehousing Uses. 6, 160 SFUnfinished Lower Level can be finished into Additional Offices and/or Light Warehousing with Overhead Garage Door to Provide Flexible Space. Owner is willing to enter into a Long Term Lease @ $4/SF Triple Net with Tenant Paying for All Leasehold Improvements. Real Estate Taxes Must Be Re-Allocated between this Office (on 1.3 Acres) and an Existing 80, 000 SF Mfg./Warehouse Building (on 5.2 Acres) Upon Completion of Condominium Subdivision.

Features

  • # of Parking Spaces Included: Private 11+ Spaces
  • Above Grade Fin SQFT Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Accessibility: 2+ Access Exits, Doors - Swing In, Level Entry - Main
  • Annual Gross Expense: 8977.00
  • Annual Rental Income: $49280.00
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
  • Building Level Count: 2
  • Building Total SQFT: 12,320
  • Building Total SQFT Source: Estimated
  • Building Units Total: 1
  • Cap Rate: 8.14
  • Central Air Y/N: Yes
  • Clear Span Ceiling Height: 8' to 10'
  • Construction Materials: Block, Brick, Aluminum Siding
  • Cooling: Electric
  • Cooling Type: Central A/C
  • County/Area: Berks County
  • Directions: Corner of Fritztown Road & Montello Road (across from Pleasant View Cemetery)
  • Entry Floor Number: 1
  • Exclusions: Furnishings & Office Equipment
  • Foundation Details: Slab
  • Gross Income: $49280.00
  • Gross Scheduled Income: 49280.00
  • Heating: Oil
  • Heating Type: Central
  • Heating Y/N: Yes
  • Hot Water: Electric
  • Improvements: Above Grade, Below Grade
  • Land Use Code: 3435
  • Listing Status: Active
  • Lot Dimensions: +/- 1.3 Acres
  • Lot Dimensions Source: Estimated
  • Lot Features: Irregular, Road Frontage
  • Lot Size: 6.5000
  • Lot Size Units: Square Feet
  • Lot SQFT: 283,140
  • Main Entrance Orientation: East
  • Municipality: SPRING TWP
  • Net Operating Income: 40303.00
  • Net SQFT: 12,320
  • Operating Expense: 8977.00
  • Owner Pays: Management, Reserves for Replacement
  • Ownership Interest: Condominium
  • Photo Option: Lister Will Upload All
  • Property Condition: As-is Condition
  • Property Type: Condo
  • Road Responsibility: Private
  • Road Surface Type: Black Top, Stone
  • Roof: Shingle
  • School District: Wilson
  • SchoolDistrictSource: Listing Agent
  • Sewer Septic: Public Sewer
  • Sq.Ft.: 12320
  • Sub Type: Office
  • Tax Annual Amount: 3977.0
  • Tax Year: 2018
  • Total Below Grade SQFT Source: Assessor
  • Total Finished SQFT Source: Assessor
  • Total Garage and Parking Spaces: 61
  • Total Non-Garage Parking Spaces: 61
  • Total Restrooms: 3
  • Total SQFT Source: Assessor
  • Type Of Parking: Parking Lot
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Year Built: 1970
  • Year Built Source: Public Records
  • Zip Code: 19608
  • Zoning: COMMERCIAL INDUSTRIAL
  • View: Street

Courtesy of:

711 Spring Street 
Wyomissing, PA 19610

Phone: (610) 898-1441

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