Property

Reading, PA 19604 1200 N 9Th Street

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Presented By: KW Commercial
  • MLS# PABK2060544
  • 07/27/2025
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  • SQFT • 16,200

Home Details

Excellent mixed-use investment opportunity at 1200 N 9th Street, Reading, PA. This expansive industrial complex features 66 total rental units, including a diverse mix of self-storage, commercial, office, shop, and parking spaces. Supported by electric, water, and sewer utilities, the site offers flexible zoning and layout configurations suitable for a wide variety of tenants. The property currently generates $109,711 in annual income with a net operating income (NOI) of $89,385.34, reflecting a 6% CAP rate. With strategic lease-up and operational improvements, pro forma income is projected at $150,000 with NOI increasing to $120,000, resulting in an 8% pro forma CAP rate. The scale, tenant diversity, and strong infrastructure make this a standout opportunity for investors targeting stable income with room for upside in the Reading market. Additional properties in the portfolio include: 826 Hampden 17 units 824 Ritter 13 units 511 Birch 10 units 340 Locust 18 units 333 Lombard 34 units 1536 Haak 36 units 625 N. 13th 22 units 1128 Pike 34 units 1200 N 9th Street 66 units 306 N 13th Street 1 unit 1541 Fairview 8 units 635-R Weiser 1 unit 521 S 16th Street 10 units 328 Chestnut 8 units 1214 Weimer 10 units 741 Church 12 units 330 Robeson - 1015 Rose 96 units 364 Blair 86 units
Presented By: KW Commercial

Interior Features for 1200 N 9Th Street

Other Interior Features

Central Air Y/NNo
FlooringTile/Brick, Carpet
Heating FuelNatural Gas, Electric
Hot WaterNatural Gas
Number of Elevators1
Total Stories1

Other Rooms

Entry Level1

General for 1200 N 9Th Street

Acceptable FinancingConventional
AccessibilityNone
Building Name9TH & MARION DINER
Business TypeStorage, Professional, Parking Lot
Cap Rate6.00
CityREADING
Construction MaterialsVinyl Siding, Stucco, Mixed Plumbing
Cool FuelNone
CoolingNone
CountyBERKS
DirectionsGPS
Electric200+ Amp Service
Gross Income109711.00
HeatingNone
Historic Y/NNo
Lot Size Square Feet20909.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
ModificationTimestamp2025-07-28T00:06:07
MunicipalityREADING CITY
Net Operating Income89385.34
New ConstructionNo
Number Of Units Total66
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG92.59
Property SubtypeSpecial Purpose
Property TypeCommercial Sale
Property UseInvestment
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNORTHEAST READING
Tax Annual Amount4046.0
Tax Assessed Value114500.0
Tax Lot9920
Tax Year2010
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1964
Year Built SourceEstimated
ZoningR-3

Exterior for 1200 N 9Th Street

Building Area Total16200.00
Land Assessed Value77400.00
Land Use Code4252
Lot Size Acres0.48
Lot Size SourceEstimated
Navigable Water Y/NNo
Road ResponsibilityBoro/Township
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Aneesa Khan

Associate
Price $1,500,000
MLS#PABK2060544
List Date 07/27/2025
Property Type Commercial
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