1230 Spruce St, Reading, PA – $230,000 – SOLD 4-29-20

1230 Spruce St, Reading, PA – $230,000 – SOLD 4-29-20
For Sale
Building Size 33000sf / .63 Acres sq ft Current Zoning R-3 Real Estate Taxes $4067/2011

33,000 sf mixed use property in Reading City.  Approximately 26,000 sf warehouse and 7000 sf offices.  Warehouse space consists of 15,000 Sf first floor space leased to several tenants. 11,000 sf Lower level space used as misc storage.  Lower level can be used a parking for offices above.  7000sf office space is currently vacant.  Offices are of many shapes, sizes and configurations.  Great for “first timer” office space.  Rents begin at $200/mo.  Non conforming use.  Gross rents approximate $42,000.  Expenses approximate $11,000.  NOI $31,000. Close to Routes 422 & 222.  Owner is flexible.



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