Active

641 Gregg Ave

Reading PA, 19611

$1,495,000


$96.10 per sqft

Active

15,556 sqft

Commercial

Built in 1940

**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. Joseph's 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**. Don't miss out on this exceptional opportunity--contact us today for more information or to schedule a viewing!

PABK2045640

MLS ID

July 11, 2024

Listed

November 22, 2024

Updated

Map

641 Gregg Ave
Reading PA, 19611

Interior Features

Total Stories

2


Interior Features

Elevator


Appliances

Electric Water Heater


Floor Description

Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric, Oil

Exterior/Building Features

Roof

Rubber


Sewer

Public Sewer

Other Property Details

Area Name

READING CITY


Taxes

$11,723


Tax Frequency

Annually


Days on Market

113


Garage

No


Parking

On Street


Parking Total

18


View

Yes


View Description

City, Street


County

BERKS


Water Source

Public


Pool

No


Zoning

Heavy Manufacturing, currently complies for use as a school for students over 2.5 years old.

Listed by Destination Realty LLC
Listing Contact: 6107433310 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/22/2024 at 1:52 AM UTC

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