532 ELM ST Reading, PA 19601
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2060350
Year Built 1950
Annual Tax Amount $3,033
Tax Year 2025
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
2876 SF mixed-use building featuring two residential apartments and a vacant commercial space, offering immediate upside through lease-up and rent optimization.
Current rents: Unit 1 $500/mo, Unit 2 $500/mo; commercial unit vacant — ideal for owner-occupant or investor. Market rents support strong income growth potential.
Estimated income of approximately $30,000 annually supports a near 10% cap rate at asking price, making this an attractive opportunity for investors or SBA buyers seeking business + residential income.
Zoned for mixed-use, suitable for office, retail, professional services, salon, or similar neighborhood commercial uses (buyer to verify).
Excellent opportunity to add value through leasing the commercial space and modest rent increases. Property sold as-is. Ideal for investor, owner-occupant.
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMMERICAL
Interior
Hot Water Natural Gas
Heating Radiator, Steam
Cooling Window Unit(s), Wall Unit
Flooring Carpet, Hardwood
Inclusions Commercial office space includes desks, filing cabinets, conference room table, book cases, and all remaing large office equipment/furniture. Residential units include 1 refrigerator and washer and dryer
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat,Shingle
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 07-5307-75-81-2845
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
