3030 Kutztown RdReading, PA 19605

Property Details for 3030 Kutztown Rd

Year built

1986

Lot size

8.33 AC

Property size (Sq ft)

105,600 SF

Property type

Warehouses

APN

5308-12-96-0894

APU

530812960894

Description

This exceptional investment opportunity presents a substantial industrial facility situated on a generous 8.33-acre lot in Muhlenberg Township, Reading, PA. The property, located at 3030 Kutztown Road, boasts a total of 105,000 square feet, encompassing 80,000 square feet of warehouse space and 25,000 square feet of office space. The building is zoned LI and features seven loading docks and ample parking for 140 vehicles. Currently, a significant portion of the property is occupied by Gai-Tronics under a lease agreement with two five-year renewal options, the first of which has already been exercised. The current lease extends to April 30, 2030. Gai-Tronics recently expanded their occupancy by 10,000 square feet and completed substantial upgrades to their 85,000 square foot space. This demonstrates a strong commitment to the property and its location. Approximately 20,000 square feet of space remains available for lease, offering immediate income potential. This vacant space includes office areas, restrooms, a break room, and one dock, all with 24-foot-high ceilings. The property generates annual rental income exceeding $520,000. This well-maintained facility presents a compelling investment opportunity with significant upside potential due to the existing lease and the readily leasable vacant space. The asking price for this high-performing asset is $6,900,000.

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3807

Longitude

-75.9223

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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