For Sale
$950,000

705 Friedensburg Rd Reading, PA 19606

33,000 SF School Building, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 3.25-acre property in Reading, Pennsylvania, presents a unique investment opportunity. The main structure is a substantial 33,000-square-foot, two-story former elementary school building, constructed in 1935 and renovated in 2008. Currently utilized for special needs classes, the building offers significant potential for repurposing. The property also includes a separate residential house leased on a month-to-month basis. Located in Berks County, at 705 Friedensburg Rd, zip code 19606, the site is zoned R-4: High Density Residential, opening doors to a variety of redevelopment options. Consider the possibilities of converting the existing building into residential units, developing a multi-family complex, or maintaining its use as an educational facility. The asking price is $950,000, representing a price per square foot of $28.79 and a price per unit of $950,000. The seller is open to exploring flexible sale terms. This property offers a compelling blend of existing infrastructure and significant future development potential. The property's location provides easy access to Reading's amenities and infrastructure. This is a rare chance to acquire a substantial property with a wide range of potential uses.

Highlights

  • Residential conversion potential.
  • Multifamily development opportunity.
  • Suitable for educational facility use.

Property Details for 705 Friedensburg Rd

Property type
Specialty properties, Schools
Square Feet
33,000 SF
Year Built/Renovated
1935/2008
Buildings
1
Stories
2
Lot Size (sq. ft)
141,570 SF
Units
1

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.339073376267
Longitude
-75.883132154269

FAQs

What type of property is this?
Specialty property - 33,000 SF School Building, Redevelopment Potential
Where is the specialty property located?
The property is located at 705 Friedensburg Rd Reading, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Residential conversion potential.; Multifamily development opportunity.; Suitable for educational facility use.
How can I contact the broker?
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705 Friedensburg Rd
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