3601 Perkiomen AveReading, PA 19606

Property Details for 3601 Perkiomen Ave

Year built

1932

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

4,189 SF

Property type

Investment properties

Property subtype

Live-work space

APN

5326-14-24-9694

APU

532614249694

Description

This exceptional two-story, 3,000 square foot office building, situated on a 0.32-acre lot in Reading, Pennsylvania, presents a compelling investment opportunity. Built in 1932 and meticulously maintained, this Class B property boasts timeless charm and character within a high-demand commercial zone. Currently configured as a single-tenant space, the building offers significant potential for owner-occupancy or continued lease income. The existing tenant is open to a lease-back arrangement, providing a strong passive income stream for investors. Located conveniently off Route 422, this property offers easy access to Reading and other key areas. The asking price is $450,000, translating to $150 per square foot. This represents a rare chance to acquire a well-maintained, historically significant commercial property in a thriving location with excellent potential for long-term growth and return on investment. The property is zoned for commercial use and offers a single unit within a single building.

• CAP approach

  CAP return

  Valuation

  6%

  $733,093

  6.5%

  $676,701

  7%

  $628,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $327,635

  Geo Method

  $558,281

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,308,470

  Retail / Commercial

  $675,525

  Hospitality / Lodging

  $501,140

  Office

  $676,414

  Institutional / Educational

  $704,777

  Residential Income

  $824,589

  Multifamily

  $969,098

  Automotive / Energy

  $604,095

  Parking / Income-Based Land

  $204,925

  Restaurant / Food Service

  $359,607

  Healthcare / Senior Housing

  $690,269

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3192

Longitude

-75.874

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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