641 Gregg Ave - Office FOR SALE


Reading, PA 19611
$1,495,000 USD
484-769-3209
641 Gregg Ave, Reading, PA for Sale
$1,495,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

641 Gregg Ave
Reading, PA 19611


HIGHLIGHTS

  • Versatile building with 15,556 sq. ft. on two stories.
  • Zoned HM for heavy manufacturing and various uses.
  • Located near Route 422, Alvernia University, and growing area.
  • Perfect for schools, daycare, or industrial purposes.

OVERVIEW

This versatile commercial building offers numerous potential uses and is fully approved for operation as a school accommodating up to 80 students and 30 staff members. The professionally renovated structure features 15,556 sq. ft. spread across two stories. The first floor, covering 7,893 sq. ft., is handicap-accessible, while the second floor spans 7,663 sq. ft. Each floor boasts its own designated entrance, facilitating separate use by different tenants. Zoned for heavy manufacturing (HM), the property is adaptable to various functions including charter schools, technical/vocational schools, special needs facilities, large daycare centers, or similar establishments. It is also suitable for manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, and self-storage facilities, among other possibilities. Conveniently located just blocks off the Lancaster Ave. exit ramp on Route 422 and in proximity to Alvernia University, the building provides easy access to regional destinations. It is approximately 2.5 hours from NYC, 1.5 hours from Harrisburg, 1.25 hours from Philadelphia, 1 hour from Allentown and Hershey, and 45 minutes from Lancaster. The surrounding area has seen significant development and growth, with favorable local government support for new businesses. Nearby, Penn State Health/St. Joseph’s Medical Center is expanding, and the AW Golden lot is being transformed into a strip mall with a grocery anchor, bringing additional businesses to the region. This property presents an excellent opportunity for your growing business in a thriving community.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Gregg Ave

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

H-M

APN/PARCEL ID

18-5306-56-44-7060

ASK ABOUT THIS PROPERTY

Sean MorettiDestination RealtyMore Info
484-769-3209

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Sean MorettiDestination RealtyMore Info
484-769-3209

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