Property

Reading, PA 19611 641 Gregg Avenue

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Presented By: Destination Realty LLC
  • MLS# PABK2045640
  • 07/11/2024
  • Request Tour
  • Request Info
  • SQFT • 15,556

Home Details

**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. Josephs 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**. Dont miss out on this exceptional opportunitycontact us today for more information or to schedule a viewing!
Presented By: Destination Realty LLC

Interior Features for 641 Gregg Avenue

Other Interior Features

Central Air Y/NYes
FlooringVinyl, Other
Heating FuelElectric, Oil
Heating Y/NYes
Hot WaterElectric
Number of Elevators1
Total Stories2

Other Rooms

Entry Level1

General for 641 Gregg Avenue

Acceptable FinancingCash, Conventional
Accessibility2+ Access Exits, 32 + wide Doors, 36 + wide Halls, Elevator, Ramp - Main Level, Other
Association Recreation FeeN
Business TypeManufacturing, Institutional, Medical, Professional, Truck Maintenance Facility, Other, Warehouse
CityREADING
Construction MaterialsBlock, Brick, Mixed Plumbing
Cool FuelElectric
CoolingCentral A/C
CountyBERKS
Current UseVacant
DirectionsFrom Lancaster Ave, take North Angelica St, property is the last on the Right, on the corner with Gregg Ave.
Electric440 Volts
FULLOther
HeatingOther
Historic Y/NNo
Lease Considered Y/NYes
Location TypeFree Standing
MLS AreaReading City (10201)
ModificationTimestamp2024-10-31T02:08:12
MunicipalityREADING CITY
New ConstructionNo
NumberOfUnitsTotal2
OwnerPaysOther
Possession0-30 Days CD, 31-60 Days CD, 61-90 Days CD, 90-120 Days CD
Possible UseCommercial, Day Care, Distribution, Flex Space, Industrial, Institutional, Investment, Manufacturing, Office, Professional Service, Senior Assisted/Day Care, Special Purpose, Warehouse, Other
Price Per Sq Ft Total AG96.1
Property ConditionVery Good, Excellent
Property SubtypeSpecial Purpose
Property TypeCommercial Sale
Property UseInvestment
RoofRubber
Security FeaturesExterior Cameras, Security System
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount11723.0
Tax Assessed Value264000.0
Tax Year2024
Topographygentle slope, from rear to front
TransportationAirport less than 10 miles, Bus Stop less than 1 mile
UtilitiesCable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewStreet, Other, City
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1940
Year Built SourceAssessor
ZoningHM
Zoning DescriptionHeavy Manufacturing, currently complies for use as a school for students over 2.5 years old.

Exterior for 641 Gregg Avenue

Building Area Total15556.00
Car Parking Spaces18
Fencing Y/NN
Foundation DetailsConcrete Perimeter
Land Assessed Value58500.00
Lot Dimensions130 x 135
Lot FeaturesRear Yard, SideYard(s), Zero Lot Line, Other
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Road Frontage Length135
Road ResponsibilityCity/County
Road Surface TypePaved
Soil TypesUnknown
Topography Descriptiongentle slope, from rear to front
Total Loading Docks0
Total Parking Spaces18
Type of ParkingParking Lot, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Catarina Gomes

Associate
Price $1,495,000
MLS#PABK2045640
List Date 07/11/2024
Property Type Commercial
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