705 Friedensburg RdReading, PA 19606

Property Details for 705 Friedensburg Rd

Year built

1935

Lot size

3.25 AC

Property size (Sq ft)

33,000 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3391

Longitude

-75.8831

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