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