Property
Reading, PA 19601 401 Walnut Street
$1,250,000
Presented By: Pagoda Realty
SQFT • 11,000
Home Details
Prime Commercial Investment Opportunity in Reading City
This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this
versatile 3-building corner property offers significant potential. The asset includes 12 residential
units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was
previously a Laundromat.
Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage
unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for
water, sewer, property taxes, and trash removal.
While the property requires some TLC, it offers great upside potential for the right investor.
Showings are available to qualified buyers only, ensuring a smooth and efficient transaction.
This property presents a rare combination of residential, commercial, and storage spaces in a
prime locationdont miss out on this exceptional investment opportunity!
Presented By: Pagoda Realty
Interior Features for 401 Walnut Street
Other Interior Features
Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 401 Walnut Street
Acceptable FinancingCash, Conventional, Other
AccessibilityNone
Business TypeApartment Building, Convenience Store/Gas
CityREADING
Construction MaterialsMixed
Cool FuelNone
CoolingNone
CountyBERKS
Directions3rd to walnut
ExclusionsTenants personal property
FULLFee Simple
HeatingBaseboard - Electric
Lease Considered Y/NNo
Lot Size Square Feet4791.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
ModificationTimestamp2024-11-25T10:21:22
MunicipalityREADING CITY
New ConstructionNo
NumberOfUnitsTotal7
Possession0-30 Days CD
Price Per Sq Ft Total AG113.64
Property ConditionAverage
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameREADING
Tax Annual Amount8477.0
Tax Assessed Value190900.0
Tax Lot3453
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1880
Year Built SourceEstimated
ZoningMIXED
Exterior for 401 Walnut Street
Building Area Total11000.00
Car Parking Spaces
Fencing Y/NN
Land Assessed Value19400.00
Land Use Code4124
Lot Dimensions0.00 x 0.00
Lot Size Acres0.11
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Other EquipmentNegotiable
Road ResponsibilityCity/County
Road Surface TypePaved
Soil TypesUnknown
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Ebonie Clerier
Associate