415 Gregg AveReading, PA 19611

  • Warehouses
  • 4,860 SF
For Sale
$400,000 View listing

Property Details for 415 Gregg Ave

Year built
1997
Lot size
0.18 AC
Property size (Sq ft)
4,860 SF
Property type
Warehouses
APN
5306-49-55-5120
APU
530649555120

Description

This exceptional 4,860-square-foot industrial flex building presents a unique investment opportunity in Reading, PA. Situated on a 0.18-acre lot, the property offers versatile space currently configured as a cold storage refrigeration facility. However, its adaptable design makes it ideal for a variety of uses, including manufacturing, warehousing, or general flex space. The building features one convenient loading dock, simplifying logistics and material handling. The asking price is $400,000, representing a compelling value for a property of this size and functionality in a desirable location. The existing cold storage infrastructure could be easily repurposed or removed to suit the needs of a new owner. This presents a chance to acquire a well-located industrial property with significant potential for customization and immediate occupancy. The property's size and layout offer flexibility for businesses seeking efficient operations and strategic expansion. Its location in Reading provides access to key transportation routes and a skilled workforce. This is an excellent opportunity for owner-occupiers or investors seeking a strong return on investment in a thriving market. The property's adaptability and prime location make it an attractive prospect for a wide range of industrial and commercial enterprises. Serious inquiries are encouraged to explore the full potential of this versatile and well-priced industrial building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $858,623
    Hospitality
    $786,494
    Educational
    $654,354
    Medical
    $676,858
    Retail
    $1,017,884

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.3215
Longitude
-75.9366
CBSA code
39740
CBSA name
READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,622
$13,600
$123,200
$136,800
-
$13,600
$123,200
$136,800

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