Prime Commercial Investment Opportunity in Reading City This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this versatile 3-building corner property offers significant potential. The asset includes 12 residential units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was previously a Laundromat. Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for water, sewer, property taxes, and trash removal. While the property requires some TLC, it offers great upside potential for the right investor. Showings are available to qualified buyers only, ensuring a smooth and efficient transaction. This property presents a rare combination of residential, commercial, and storage spaces in a prime location—don’t miss out on this exceptional investment opportunity!
For sale
$1,250,000
401 Walnut St, Reading, PA 19601
23beds
--baths
11,000sqft
Est.:
Townhouse
Built in 1880
-- sqft lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
Commercial spaceSpacious storage unitCorner property
- 155 days
- on Zillow |
- 443 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 03, 2025 at 12:02am
Listed by:
John Gantkowski 610-780-3024,
Iron Valley Real Estate of Berks (484) 450-8771
Source: Bright MLS,MLS#: PABK2051414

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 23
Basement
- Area: 0
Heating
- Other, Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 11,000
- Total interior livable area: 11,000 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 4,791 Square Feet
- Features: Urban, Unknown Soil Type
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 07530774713453
- Zoning: MIXED
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Mixed
- Foundation: Other
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Reading
- Municipality: READING CITY
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $190,900
- Annual tax amount: $8,604
- Date on market: 11/25/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Other
- Exclusions: Tenants Personal Property
- Ownership: Fee Simple
- Road surface type: Paved
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