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- $550k Price
- 8,820 Sqft
- .15 Acres
- 13 DOM
317 Franklin St
Check out this amazing investment opportunity in the heart of Reading! This versatile commercial property, with nearly 9,000 sq. ft. has the potential for a CAP rate over 11 and is already approved for 4 spacious apartments, each featuring 2 bedrooms and 1,100 sq. ft. of living space. The first floor offers endless possibilities. While it has been previously used as a seafood market and furniture store, it has already received approval for a daycare. Other potential uses could include retail, office space, or your own custom vision. The property is equipped with 3-phase electric, a side entrance for deliveries, and boasts a prime location close to the bus station, downtown Reading, Santander Arena, The GoggleWorks, and Reading IMAX Theatre. This property offers excellent visibility and foot traffic and is situated in a designated Tax Opportunity Zone, offering unique tax benefits to investors. Take advantage of this prime investment opportunity! Sketches, permits, contractor estimates, and additional documentation available upon request, making it easy for you to evaluate and plan your next steps. Reach out today for more information or to schedule a showing!
Essential Information
- MLS® #PABK2052688
- Price$550,000
- Bathrooms0.00
- Square Footage8,820
- Acres0.15
- Year Built1920
- TypeCommercial Sale
- Sub-TypeMixed Use
- StatusActive
Community Information
- Address317 Franklin St
- AreaReading City (10201)
- SubdivisionREADING
- CityREADING
- CountyBERKS-PA
- StatePA
- MunicipalityREADING CITY
- Zip Code19602
Amenities
- ViewCity
Parking
Paved Parking, Private, Lighted Parking
Interior
- HeatingForced Air
- # of Stories3
Cooling
Central A/C, Ductless/Mini-Split
Exterior
- Lot DescriptionCorner Lot
- RoofFlat, Rubber
- FoundationBrick/Mortar
Exterior
Concrete/Block, Brick and Siding, Stucco
School Information
- DistrictREADING
- ElementaryLAUERS PARK
- MiddleSOUTHWEST
- HighREADING
Additional Information
- Date ListedJanuary 20th, 2025
- Days on Market13
- ZoningC-C
Listing Details
- Office Contact6108981441
Office
Keller Williams Platinum Realty - Wyomissing
Price Change History for 317 Franklin St, READING, PA (MLS® #PABK2052688)
| Date | Details | Price | Change |
|---|---|---|---|
| Active (from Coming Soon) | – | – |
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Listing information last updated on February 1st, 2025 at 8:45am CST.