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About the Listing CBSLCT-W - 3352244
Value-Add Mixed-Use Investment Opportunity in the City of Reading! 2876 SF mixed-use building featuring two residential apartments and a vacant commercial space, offering immediate upside through lease-up and rent optimization. Current rents: Unit 1 $500/mo, Unit 2 $500/mo; commercial unit vacant — ideal for owner-occupant or investor. Market rents support strong income growth potential. Estimated income of approximately $30,000 annually supports a near 10% cap rate at asking price, making this an attractive opportunity for investors or SBA buyers seeking business + residential income. Zoned for mixed-use, suitable for office, retail, professional services, salon, or similar neighborhood commercial uses (buyer to verify). Excellent opportunity to add value through leasing the commercial space and modest rent increases. Property sold as-is. Ideal for investor, owner-occupant.
Listing Highlights
Status
Pending
Days on Site
241
Property Type
Commercial Sale
MLS ®
PABK2060350
Year Built
1950
Total Square Footage
2,876
Lot/Acreage
0.04
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s),Wall Unit
- Heating: Radiator,Steam
- Fireplaces:
- Floor: Carpet,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 0.00 x 0.00
- Zoning: Mixed Use- Commercial office on first floor and a residential unit on second floor
- Roof: Flat,Shingle
- Others: Good
- Sewer: Public Sewer
Financial Details
- Tax Amount: $3,033
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
532 Elm St Reading, PA 19601
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