READING RENTALS PUBLIC AUCTION: VALUABLE COMMERCIAL REAL ESTATE

READING RENTALS PUBLIC AUCTION: VALUABLE COMMERCIAL REAL ESTATE

 Reading Rentals
PUBLIC AUCTION

 – GREAT INVESTMENT OPPORTUNITY –

Valuable COMMERCIAL REAL ESTATE

1.37 Acre Lot Zoned R3

Spacious 2.5 Story Brick & Stucco Building (~37,200 Sq. Ft.)

Detached Block Two Bay Building (~3,000 Sq. Ft.) Roll-up Garage Doors

Showrooms – Retail Space – Offices – Large Storage

AUCTION TO BE HELD INDOORS

Monday, May 6th at 6:30 PM

 1340 Centre Ave., Reading, Berks Co., PA 19601

From Lanc. Take Rt. 222 N, slight left onto Warren St. bypass (422 E) to Rt. 12 (E) to PA 61 South Centre Ave & Pike St. Past FirstEnergy Stadium. Next to Riverside Elementary school. Auction on right.

****More Details Forthcoming****

Main Building: 2.5 Story Stucco on Brick; Approximately 37,200sq. ft.; First Floor: 2 Offices, Service Counter, Showrooms, Display Windows and Doors, Workroom with Adjacent Utility Room, 2 Lg. Storage Rooms with attached Shops; Balcony Parts Storage Area; 2nd Floor Lounge. Lower Level: (2) 15k sq. ft. Storage Areas; Interior Loading Bays with Lg. Overhead Doors; Pave Off Street Park. 2nd Lower Level: Spacious Daylight Area Occupied by Great Tenant; Separate Offices.  

SHOWROOM (30’ x 56’)  Beautiful Hardwood floors, Large Glass Windows, Street View, Adjacent to Main Office, Service Counter, and Garage with Overhead Door. 

MAIN OFFICE (30’ x 10′)  Easy Access to Showroom

GARAGE AREA (30′ X 15‘).  with Overhead door 

SERVICE COUNTER AREA (18’ x 7’) w/ Lg. Counter, Computer and Storage Space

EQUIPMENT SHOWROOM (76’ x 48’) w/ Lg. Overhead Door, Adjacent to Gated Parking Lot 

REAR SHOP (30’ x 17’) w/ Closet (2′ x 5′), Electrical Subpanel for Heat Handler, Brazilian Teak wood Floors, Plaster Walls 

DRIVE-IN EQUIPMENT AREA (14′ x 25′) Brazilian Teak wood floors, Slate Floor under wood stove; Paneled walls; Single Hung Windows; Full-Wall Cherry Built-In Cabinets w/ 15 Shelves and 6 Paneled Doors; Bose Surround sound; Firewood door. 

FULL BASEMENT (26′ x 35′) Concrete, 60 Amp Electric Breaker Box, Oneida Royal Oil Burner ~2014. Forced Air Heat

LARGE BASEMENT GREAT ROOM (55′ x 29′) W/ Carpet and Paneled walls.

UTILITY ROOM (16′ X 10′)

WORKSHOP (14′ X 25′) w/ rear facing Bilco doors

PIT ROOM (4′ X 11′) Leading to Garage bay.

GARAGE (13′ X 19′) Wide doors, Boarded pit leading to work room in Basement  

FULL ATTIC (26′ x 35′) Pull Down Steps, Ventilated, Insulated, Lighted Attic

OTHER AMENITIES: PUBLIC UTILITIES: Water, Sewer, Electric, Gas both buildings; On-grade entrances with Overhead and Man Doors. Oil Separation Tank, Hot-Water heaters, Bathrooms, Fenced Perimeter, 2 Walk-In Safes in Main Building, 400-amp electric service. Zoned R3 Residential. Multi-Story Warehouse Manufacturing. 

Highest and best use for the property is a mixture of commercial and light-industrial storage type use. The subject is located in northern portion of the City of Reading. Public school is located just north of the subject. Reading Municipal Baseball Stadium is located just north of the subject. It is located on one of the main streets through the area and the City. The properties in the area are generally well cared for. Great exposure for Commercial Use. Parcel # 15-5307-33-57-8742. Property is generally above street grade and is NOT located in a designated flood plain.

Assessment: $305,300.00    Annual: $12,356.00

Call Al Reist, Auct. (717)951-5088 for 
Inspection by Appointment and Real Estate Portfolio.

Real Estate TERMS: 10% down Sale Day. Balance & Settlement in 60 days.

Property Must Sell! Great Investment Opportunity!

Personal Property TERMS: Cash, Approved Check. No Out-of-State Checks.

Auction For: Mrs. Nancy Marshall-Vokorokos and Mr. Allen Morehead
Auction By: REIST Auctioneers 1637-L
Al Reist, Auctioneer
Lancaster, PA (717)951-5088 or (717)569-2409

**Information obtained from reliable sources.
No liability for accuracy or errors assumed by auctioneer.
Announcements made day of sale supersede any printed material.**

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Directions & Map
From Lanc, Take 222 N, slight left onto Warren St. Bypass (422 E) to Rt. 12 to PA 61 south Centre Ave. & Pike St. Past FirstEnergy Stadium. Next to Riverside Elementary School. Destination will be on your right. 
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