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720 PENN AVE West Reading, PA 19611
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Key Details
Sold Price $310,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $129
MLS Listing ID PABK358636
Sold Date 07/31/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1930
Tax Year 2019
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 0.00 x 0.00
Property Description
Building for sale only. West Reading's premier gift shop is moving from West Reading and there is a great opportunity to own this space. The building that houses the gift shop, It's a Gift, is available for sale. It's a Gift has decided it's time to collaborate with From The Heart Consignment Store in Sinking Spring. This is a fantastic retail space opportunity with an income-producing residential apartment above. The first thing you will notice is the gorgeous brick steps that lead to the attractive store front. The roughly 1100 sq feet retail space offers central air, a cozy slate-floored entry with lots of natural light, a spacious main display room, a 2nd display room toward the rear, a powder room, a small office area and a rear entrance. The built-in display cabinets will remain. There is also a garage-sized rear building perfect for storage. The basement is currently used for office space, mechanicals and additional storage. The 1300 sq foot apt on the 2nd and 3rd floor is in very good condition and is currently occupied. Because the tenant is an employee of the store, the rent is part of their employment. The current seller is willing to pay the new owner up to 3 months of rent ($900/mo) until the current tenant finds suitable housing. The apt features a private side entrance, gas heat, large eat-in kitchen with a door to a covered porch, 2 additional rooms for your choice of bedroom/living room (current tenant uses the larger front room as the bedroom), nice-sized bathroom, and additional finished space on the 3rd floor. There is a stackable washer and dryer located in the kitchen area as well. Seize the opportunity to own a part of Berks County's fastest growing and most desirable areas.
Location
State PA
County Berks
Area West Reading Boro (10293)
Zoning CB -RETAIL & RES.
Interior
Hot Water Natural Gas
Heating Forced Air, Steam
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Waterfront N
Water Access N
Roof Type Shingle
Street Surface Paved
Accessibility None
Parking Type On Street
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wyomissing Area
Others
Tax ID 93-5307-17-00-9148
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Deb Bensinger • RE/MAX Of Reading