446-448 PENN AVE

Sold 4/25/2016

5,000 plus Sq. Ft. Commercial Property Centrally located in the West Reading Business District. Currently occupied as mixed use with cafe/Restaurant on the main level. Beautifully maintained & decorated. Current lease is well below market value at $1600/mo. space of this size along the Penn Ave. strip could be rented between $2200-$2500/mo. The 2nd & 3rd fls. are residential unites also currently leased at well below market value. The 2 BR Apt. could easily rent for $800/mo., while market value on the 3 BR should range between $1200-$1300/mo. both apts are meticulously maintained. Each unit has separately meter heating & Central Air systems, utilities paid by tenants. Large, easily accessible parking lot in rear & Laundry Room. In 3rd Apt are some of the features that nicely finish this property. An Absolute Must See Property !!!

Property Details
  • Wyomissing
    school district
  • $5,268.00
  • 1933
  • 6459798
School district: Wyomissing
On street parking
Brick exterior
Lot acreage is: 0.13
Lot dimension is: .
Lot on state road
Lot zoned: COMME
Public sewer
Public water
Units in building(s): 3
Property style: 1
Tax year: 2016
Courtesy of:
Pagoda Realty & Property Management

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Address Distance Sale date Sale price
446-448 PENN AVE 0 mi. 4/25/2016 $365,000
1201 PENN AVE 0.88 mi. 11/2/2016 $353,645
57 S 6TH ST 1.14 mi. 7/7/2017 $335,000
742 CENTRE AVE 1.18 mi. 9/27/2016 $359,000
1 GREENWOOD MALL 1.29 mi. 12/8/2017 $425,000
39 E LANCASTER AVE 2.36 mi. 2/16/2018 $440,000
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446-448 PENN Avenue, WEST READING, PA 19611 commercial was sold for $365,000.
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Data last updated: 3/18/2018.