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About the Listing PAGODA - 3164025,3251634
Prime Multi-Unit Commercial Investment Opportunity along the Pottsville Pike corridor in Ontelaunee Township! Located at 5045 Pottsville Pike, Reading, PA 19605, this versatile income-producing commercial property offers approximately 4,856 square feet of building space situated on approximately 0.83 acres (36,155 SF) with exceptional on-site parking and vehicle-storage capacity for 50+ vehicles. The property is configured as four commercial units across multiple building areas, providing a unique combination of retail/office, automotive, garage, storage and flexible commercial space. Three of the four units are currently occupied, while Unit 2 is vacant, creating immediate value-add potential through additional lease-up or an opportunity for an owner-user to occupy a portion of the property while collecting income from the existing tenants. Unit 1 is occupied by The Hertz Corporation, an established national-brand tenant, currently paying approximately $2,750 per month. The Hertz premises include approximately 1,050 SF of retail space associated with its vehicle rental operation, along with access to the property's wash-bay facilities. Units 3 and 4 are occupied by one tenant leasing space within two separate building areas, along with an additional rear storage unit. The tenant currently pays approximately $2,500 + $250 per month for the leased spaces, plus $100 per month for the rear storage unit, for total monthly rent of approximately $2,850. Combined, the currently occupied portions of the property generate approximately $5,600 per month / $67,200 annually in gross scheduled rental income, with the opportunity to further increase revenue by leasing the currently vacant Unit 2. The property is particularly well equipped for automotive and vehicle-oriented operations. Existing property documentation identifies a wash bay approximately 12'10" wide by 30' long, equipped with water supply, radiant heat, lighting, electrical connections for pressure-washing/vacuum equipment, and an oil/water separating drain. The expansive paved lot provides parking/storage capacity for 50+ vehicles, offering considerable flexibility for automotive businesses, fleet operations, contractors, service businesses, storage users and other commercial applications, subject to zoning and municipal approvals. Additional improvements include a flat rubber roof installed in 2024, central electric air conditioning, electric and on-site propane heating, public water, public sewer, electric water heating, PVC plumbing and 200-amp electrical service. The Commercial Property Information Sheet also identifies three exterior signs, three overhead doors, loading access, internet availability, security equipment/cameras, fire and smoke safety equipment, and other commercial building infrastructure. The property's combination of existing rental income, national-credit tenancy, multiple commercial units, extensive paved parking, automotive infrastructure and additional lease-up potential makes 5045 Pottsville Pike an attractive opportunity for both investors and owner-users. An investor can benefit from existing cash flow while pursuing additional income from the vacant unit, while an owner-user may have the ability to operate from the available space while receiving rental income from the balance of the property. Conveniently positioned along Pottsville Pike in Ontelaunee Township, Berks County, this property offers a flexible commercial footprint with excellent vehicle capacity and multiple potential income streams.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Commercial Sale
MLS ®
PABK2077448
Year Built
2006
Total Square Footage
5,000
Lot/Acreage
0.91
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Other
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 20
- Zoning: COMM
- Roof:
- Others:
- Sewer: Other
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $6,941
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2006
Payment Calculator
Monthly Payment
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Questions About..
5045 Pottsville Pike Reading, PA 19605
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