317 Franklin St - Day Care Center FOR SALE


Reading, PA 19602
$550,000 USD
484-256-7259
317 Franklin St, Reading, PA for Sale
$550,000 USD
Day Care Center - FOR SALE
1/76
null | Request Cap Rate

317 Franklin St
Reading, PA 19602


HIGHLIGHTS

  • Versatile commercial property, with nearly 9,000 sq. ft
  • Approved for 4 apartments & a day care
  • Open floorplan with exposed brick walls
  • Located in Tax Opportunity Zone
  • Potential CAP Rate of 11+

OVERVIEW

Check out this amazing investment opportunity in the heart of Reading! This versatile commercial property, with nearly 9,000 sq. ft. has the potential for a CAP rate over 11 and is already approved for 4 spacious apartments, each featuring 2 bedrooms and 1,100 sq. ft. of living space. The first floor offers endless possibilities. While it has been previously used as a seafood market and furniture store, it has already received approval for a daycare. Other potential uses could include retail, office space, or your own custom vision. The property is equipped with 3-phase electric, a side entrance for deliveries, and boasts a prime location close to the bus station, downtown Reading, Santander Arena, The GoggleWorks, and Reading IMAX Theatre. This property offers excellent visibility and foot traffic and is situated in a designated Tax Opportunity Zone, offering unique tax benefits to investors. Take advantage of this prime investment opportunity! Sketches, permits, contractor estimates, and additional documentation available upon request, making it easy for you to evaluate and plan your next steps. Reach out today for more information or to schedule a showing!

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franklin Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Convenience Store, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

CROSS STREETS

Carpenter St

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C-C

APN/PARCEL ID

05-5306-26-79-0606

ASK ABOUT THIS PROPERTY

Tyler MillerKeller Williams Platinum RealtyMore Info
484-256-7259

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Tyler MillerKeller Williams Platinum RealtyMore Info
484-256-7259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.