PA > Reading
Reading, PA 19601,364 BLAIR AVE
Reading, PA 19601,364 BLAIR AVE
Reading, PA 19601,364 BLAIR AVE
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Beau McGettigan • KW Commercial
$2,300,000
Est. payment /mo
35,867 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 35,867 sqft

Price per Sqft $64

MLS Listing ID PABK2060566

Year Built 1900

Available Date 2025-07-28

Annual Tax Amount $33,836

Tax Year 2022

Lot Size 1.510 Acres

Acres 1.51

Property Sub-Type Special Purpose

Source BRIGHT

Property Description

A high-performing, income-producing flagship property comprising 90 total units: 86 self-storage units, 12 tenant parking spaces, and 4 commercial suites (fully occupied). This 1.5-acre site features designated parking for tenants, full utility access (electric, water, sewer), and a stable tenant base with strong retention. The site is optimized for operational efficiency and long-term upside.

Current Financials
Current Income: $315,897
Current NOI: $220,485.54
Current CAP Rate: 9.6%

Pro Forma Financials
Pro Forma Income: $347,846
Pro Forma NOI: $260,884
Pro Forma CAP Rate: 11.3%

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 M-C

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 24.0

Water Access N

Accessibility None

Total Parking Spaces 24

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 19-5307-47-25-6791

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Read Less Info
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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364 BLAIR AVE

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