PA > Reading > Northeast Reading
Reading, PA 19604,1200 N 9TH ST
Reading, PA 19604,1200 N 9TH ST
Reading, PA 19604,1200 N 9TH ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Beau McGettigan • KW Commercial
$1,500,000
Est. payment /mo
16,200 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 16,200 sqft

Price per Sqft $92

Subdivision Northeast Reading

MLS Listing ID PABK2060544

Year Built 1964

Available Date 2025-07-28

Annual Tax Amount $4,046

Tax Year 2010

Lot Size 0.480 Acres

Acres 0.48

Property Sub-Type Special Purpose

Source BRIGHT

Property Description

Excellent mixed-use investment opportunity at 1200 N 9th Street, Reading, PA. This expansive industrial complex features 66 total rental units, including a diverse mix of self-storage, commercial, office, shop, and parking spaces. Supported by electric, water, and sewer utilities, the site offers flexible zoning and layout configurations suitable for a wide variety of tenants.

The property currently generates $109,711 in annual income with a net operating income (NOI) of $89,385.34, reflecting a 6% CAP rate. With strategic lease-up and operational improvements, pro forma income is projected at $150,000 with NOI increasing to $120,000, resulting in an 8% pro forma CAP rate.

The scale, tenant diversity, and strong infrastructure make this a standout opportunity for investors targeting stable income with room for upside in the Reading market.

Additional properties in the portfolio include:
826 Hampden – 17 units
824 Ritter – 13 units
511 Birch – 10 units
340 Locust – 18 units
333 Lombard – 34 units
1536 Haak – 36 units
625 N. 13th – 22 units
1128 Pike – 34 units
1200 N 9th Street – 66 units
306 N 13th Street – 1 unit
1541 Fairview – 8 units
635-R Weiser – 1 unit
521 S 16th Street – 10 units
328 Chestnut – 8 units
1214 Weimer – 10 units
741 Church – 12 units
330 Robeson - 1015 Rose – 96 units
364 Blair – 86 units

Location

State PA

County Berks

Area Reading City (10201)

Zoning R-3

Interior

Hot Water Natural Gas

Heating None

Cooling None

Flooring Tile/Brick, Carpet

Heat Source Natural Gas, Electric

Exterior

Water Access N

Roof Type Shingle

Accessibility None

Road Frontage Boro/Township

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 17-5307-44-96-9920

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
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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1200 N 9TH ST

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