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364 Blair Avenue Reading, PA $ 2,300,000
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$ 2,300,000 Get more info
364 Blair Avenue
$ 2,300,000
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364 Blair Avenue

Reading, PA, 19601
$ 2,300,000
Bedrooms-- Baths-- Sq 35,867

Monthly Estimate*

$ 14,349

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Commercial Property for sale in Reading, PA

for $2,300,000. This 35,867 square foot building was built in 1900 on a lot size of 1.51.

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

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Commercial Active

Price

$ 2,300,000

Property Type

Commercial

Taxes

$ 33,836

Style

Storage,Professional,Day Care Facility

Lot Size

1.51

Year Built

1900

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2060566
Features
Interior
Heating Fuel Natural Gas
Hot Water Electric
Total Stories 2
Heating Y/N Y
Central Air Y/N Y
Entry Level 1
Number of Elevators 0
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning M-C
Construction Materials Mixed
Year Built 1900
Property Subtype Special Purpose
Tax Year 2022
Ownership Fee Simple
Cool Fuel None
Municipality READING CITY
Gross Income 315897.00
Business Type Storage Professional Day Care Facility
Accessibility None
County BERKS
Net Operating Income 220485.54
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions GPS
City READING
Number Of Units Total 90
MLS Area Reading City (10201)
Lot Size Units Square Feet
Lot Size Square Feet 65775.00
Tax Annual Amount 33836.0
Price Per Sq Ft Total AG 64.13
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Cap Rate 9.60
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 35867.00
Lot Size Acres 1.51
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 364
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* Excluded Features
List By
Kw Commercial

Broker

bmack@pcre.ltd

Email

Affordability Calculator

$17,169
Per Month
84%
16%
0%
Monthly Principal & Interest
$14,349
Monthly Property Taxes
$2,820
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
7/27/2025$2,300,000 Listed Price

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364 Blair Avenue, Reading, PA, 19601 is a Commercial Property for sale at $2,300,000 with 35,867 sqft and a lot size of 1.51. 364 Blair Avenue was built in 1900. The property's zip code is 19601 which is in Reading, PA

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