201 Bellevue AveReading, PA 19605

Property Details for 201 Bellevue Ave

Year built

1935

Lot size

9.30 AC

Property size (Sq ft)

3,240 SF

Property type

Office buildings

APN

5308-07-68-0970

APU

530807680970

Description

This exceptional 2,862 square foot warehouse space presents a rare leasing opportunity within a larger 13,900 square foot industrial complex situated on a 9.3-acre lot in Berks County. The property boasts seven buildings, all single-story, and offers convenient access to major roadways, including Route 222 (two miles), Route 12 (one mile), and the Reading Regional Airport (four miles). The warehouse features two oversized drive-in doors, with the potential for adding a loading dock, providing ample space for loading and unloading. A separate bathroom and office area offer independent workspace. Extensive outdoor storage and maneuvering space accommodate trucks and trailers. High ceilings and heavy industrial zoning (Berks County) allow for diverse uses. The building was constructed in 1945 and includes 10 total parking spaces. The property benefits from 240V 3-phase power. This location, near E Bellevue Ave & Pottsville Pike, offers a strategic advantage, evidenced by many long-term tenants (30+ years). Don't miss this chance to secure a well-maintained, functional space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $566,773

  6.5%

  $523,175

  7%

  $485,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $248,442

  Geo Method

  $423,338

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,012,040

  Retail / Commercial

  $522,488

  Mixed-Use / Specialty

  $523,397

  Hospitality / Lodging

  $387,609

  Institutional / Educational

  $545,113

  Residential Income

  $637,782

  Multifamily

  $749,553

  Automotive / Energy

  $467,240

  Parking / Income-Based Land

  $158,500

  Restaurant / Food Service

  $278,139

  Healthcare / Senior Housing

  $533,891

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3867

Longitude

-75.9329

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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