317 FRANKLIN ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19602
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,820 sqft
Price per Sqft $62
Subdivision Reading
MLS Listing ID PABK2052688
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $4,760
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 76 x 84
Property Description
Check out this amazing investment opportunity in the heart of Reading! This versatile commercial property, with nearly 9,000 sq. ft. has the potential for a CAP rate over 11 and is already approved for 4 spacious apartments, each featuring 2 bedrooms and 1,100 sq. ft. of living space. The first floor offers endless possibilities. While it has been previously used as a seafood market and furniture store, it has already received approval for a daycare. Other potential uses could include retail, office space, or your own custom vision. The property is equipped with 3-phase electric, a side entrance for deliveries, and boasts a prime location close to the bus station, downtown Reading, Santander Arena, The GoggleWorks, and Reading IMAX Theatre. This property offers excellent visibility and foot traffic and is situated in a designated Tax Opportunity Zone, offering unique tax benefits to investors. Take advantage of this prime investment opportunity! Sketches, permits, contractor estimates, and additional documentation available upon request, making it easy for you to evaluate and plan your next steps. Reach out today for more information or to schedule a showing!
Location
State PA
County Berks
Area Reading City (10201)
Zoning C-C
Interior
Hot Water Electric,Multi-tank
Heating Forced Air
Cooling Central A/C,Ductless/Mini-Split
Flooring Wood,Ceramic Tile,Concrete
Equipment Negotiable
Heat Source Electric,Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
View City
Roof Type Flat,Rubber
Accessibility Doors - Swing In,Wheelchair Mod,Ramp - Main Level
Total Parking Spaces 6
Garage N
Building
Lot Description Corner
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Lauers Park
Middle Schools Southwest
High Schools Reading
School District Reading
Others
Tax ID 05-5306-26-79-0606
Ownership Fee Simple
SqFt Source Assessor
Security Features 24 hour security,Electric Alarm,Exterior Cameras,Fire Detection System
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard