PA > Reading
Reading, PA 19605,3030 KUTZTOWN RD
Reading, PA 19605,3030 KUTZTOWN RD
Reading, PA 19605,3030 KUTZTOWN RD
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$6,900,000
Est. payment /mo
105,000 SqFt
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UPDATED:

01/16/2025 01:19 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 105,000 sqft

Price per Sqft $65

MLS Listing ID PABK2052310

Originating Board BRIGHT

Year Built 1980

Annual Tax Amount $98,867

Tax Year 2024

Lot Size 8.330 Acres

Acres 8.33

Lot Dimensions 0.00 x 0.00

Property Sub-Type Industrial

Property Description

Situated on 8.33 acres in Muhlenberg Township, 3030 Kutztown Road is an industrial facility with 105,000 square feet. The facility, which has 140 parking spaces, seven docks, 80,000 square feet of warehouse space, and 25,000 square feet of office space, is located in the LI zoning area. A tenant named Gai-Tronics resides in this investment property. The original lease was for 7 years which ends April 30, 2025. An addendum has been executed for the Tenant to extend their lease by 5 years, their first of 2 five-year extensions. Over the past two years, Gai-Tronics has expanded their footprint by 10,000 square feet and made significant upgrades to their 85,000 square foot suite. The 20,000 square feet of vacant space includes offices, restrooms, a break room, a dock, and ceilings that are 24 feet high. The rental revenue from this investment property exceeds $520,000.00 when both suites are leased

Location

State PA

County Berks

Area Muhlenberg Twp (10266)

Zoning LI

Interior

Hot Water Electric

Cooling Central A/C

Flooring Concrete

Heat Source Natural Gas

Exterior

Garage Spaces 150.0

Utilities Available Sewer Available, Water Available, Electric Available, Natural Gas Available

Water Access N

Roof Type Metal,Rubber

Accessibility Level Entry - Main

Total Parking Spaces 150

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Muhlenberg

Others

Tax ID 66-5308-12-96-0894

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Kent E Wrobel • RE/MAX Of Reading
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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3030 KUTZTOWN RD

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