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641 Gregg Avenue

READING, PA 19611
  • $1,495,000
  • STATUS: Active
  • ON SITE: 150 Days
  • ID#: PABK2045640
UPDATED: 104 min ago
$1,495,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Information

High School:
School District:

Description

**For Sale: Versatile Commercial Building with Development Potential**Explore a prime opportunity with this solid commercial building, fully approved for use as a school, accommodating **80 students and 30 staff members**. This professionally renovated property features a generous **15,556 sq. ft.** spread across two stories. The **handicap-accessible first floor** covers **7,893 sq. ft.**, while the **second floor** spans **7,663 sq. ft.** Each level has its own designated entrance, allowing for separated use by different tenants, providing flexibility and convenience.Zoned **HM (Heavy Manufacturing)**, this building offers many potential uses. Most recently operated as a special needs school, it could easily be transformed into a charter school, technical or vocational school, special needs facility, or large adult/toddler daycare. The zoning also accommodates manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, self-storage facilities, and more.Strategically located just blocks off the exit ramp for **Lancaster Ave. on Route 422**, this property is in close proximity to **Alvernia University**, providing excellent 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 experienced significant development and growth in recent years, with favorable local government initiatives encouraging new businesses to set up shop. The local **Penn State Health/St. Josephs Medical Center** is expanding, and the nearby **AW Golden lot** is being transformed into a strip mall with a grocery anchor, further enhancing the appeal of this location for future business opportunities.This property is ripe for your growing business! It is also listed as a commercial lease under **MLS# PABK2043300**. Dont miss out on this exceptional opportunity"contact us today for more information or to schedule a viewing!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-08T23:50:37.2.
www.execuhome.com/homes/152524283
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641 Gregg Avenue READING, PA 19611

  • Price: $1,495,000
  • Status: Active
  • On Site: 150 Days
  • Updated: 104 min ago
  • ID#: PABK2045640
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Reading City (10201)
County:
Berks
Area:
Reading City (10201)
High School:
Reading Senior
School District:
Reading
Property Description
**For Sale: Versatile Commercial Building with Development Potential**Explore a prime opportunity with this solid commercial building, fully approved for use as a school, accommodating **80 students and 30 staff members**. This professionally renovated property features a generous **15,556 sq. ft.** spread across two stories. The **handicap-accessible first floor** covers **7,893 sq. ft.**, while the **second floor** spans **7,663 sq. ft.** Each level has its own designated entrance, allowing for separated use by different tenants, providing flexibility and convenience.Zoned **HM (Heavy Manufacturing)**, this building offers many potential uses. Most recently operated as a special needs school, it could easily be transformed into a charter school, technical or vocational school, special needs facility, or large adult/toddler daycare. The zoning also accommodates manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, self-storage facilities, and more.Strategically located just blocks off the exit ramp for **Lancaster Ave. on Route 422**, this property is in close proximity to **Alvernia University**, providing excellent 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 experienced significant development and growth in recent years, with favorable local government initiatives encouraging new businesses to set up shop. The local **Penn State Health/St. Josephs Medical Center** is expanding, and the nearby **AW Golden lot** is being transformed into a strip mall with a grocery anchor, further enhancing the appeal of this location for future business opportunities.This property is ripe for your growing business! It is also listed as a commercial lease under **MLS# PABK2043300**. Dont miss out on this exceptional opportunity"contact us today for more information or to schedule a viewing!
Exterior Features

Construction Materials BlockBrickMixed Plumbing Garage YN No Location Type Free Standing Lot Features Rear YardSideYard(s)Zero Lot LineOther Parking Features Paved Parking Parking Types Parking LotOn Street Property Condition Very GoodExcellent Road Responsibility City/County Road Surface Type Paved Roof Rubber Soil Types Unknown View StreetOtherCity Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 15556.00 Cooling Central A/C Flooring VinylOther Heating Other Heating YN Yes Net Square Feet 15556.00 Security Features Exterior CamerasSecurity System

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits32"+ wide Doors36"+ wide HallsElevatorRamp - Main LevelOther Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street North Angelica St Current Use Vacant Electric 440 Volts Elevators 1 Entry Level 1 Foundation Details Concrete Perimeter Heating Fuel ElectricOil Historic YN No Hot Water Electric Lease Considered YN Yes Municipality READING CITY Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 803205659310 Owner Pays Other Ownership Interest Other Property Sub Type Special Purpose Sale Type Standard Sewer Public Sewer Tax Annual Amount 11723.00 Transportation Airport less than 10 milesBus Stop less than 1 mile Utilities Cable TV AvailableElectric AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 1993 Zoning HM Zoning Description Heavy Manufacturingcurrently complies for use as a school for students over 2.5 years old.

Listing courtesy of Destination Realty LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-08T23:50:37.2.
 
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