641 GREGG AVE Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19611
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 15,556 sqft
Price per Sqft $96
MLS Listing ID PABK2045640
HOA Y/N N
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $6,989
Tax Year 2024
Lot Dimensions 130 x 135
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. 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!
Location
State PA
County Berks
Area Reading City (10201)
Zoning HM
Interior
Hot Water Electric
Heating Other
Cooling Central A/C
Flooring Vinyl,Other
Heat Source Electric,Oil
Exterior
Garage Spaces 18.0
Utilities Available Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Waterfront N
Water Access N
View Street,Other,City
Roof Type Rubber
Street Surface Paved
Accessibility 2+ Access Exits,32\"+ wide Doors,36\"+ wide Halls,Elevator,Ramp - Main Level,Other
Road Frontage City/County
Parking Type Parking Lot,On Street
Total Parking Spaces 18
Garage N
Building
Lot Description Rear Yard,SideYard(s),Zero Lot Line,Other
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 18-5306-56-44-7060
Ownership Other
Security Features Exterior Cameras,Security System
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard