641 Gregg Ave, Reading, PA 19611 | For Rent

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For Rent $21,000

$21,000
  • (0)
  • 2 Units
  • Unknown Sq Ft
  • 17,600 Sq Ft
  • Unknown Cap Rate

Description

**For Lease: Versatile Commercial Space – Perfect for Educational or Other Uses**

Discover a unique leasing opportunity in a professionally renovated building that is fully approved for use as a school, accommodating up to 80 students and 30 staff members. This spacious property offers a generous 15,556 square feet, spread over two stories, making it ideal for various commercial applications.

The first floor encompasses 7,893 square feet and is handicap-accessible, while the second floor spans 7,663 square feet. Each floor features its own designated entrance, allowing for separate use by different tenants, providing flexibility in occupancy and operations. Zoning classification as HM (Heavy Manufacturing) opens the door to a wide array of potential uses beyond its previous operation as a special needs school. Suitable options include charter schools, technical or vocational schools, special needs facilities, large adult/toddler daycare centers, as well as opportunities for manufacturing, industrial processing, banking, colleges, exercise clubs, self-storage facilities, and more.

Situated just blocks off the exit ramp for Lancaster Ave. on Route 422, the property boasts excellent accessibility to regional destinations. It is in close proximity to Alvernia University, enhancing its appeal for educational purposes. The location offers convenient connectivity, being approximately 2.5 hours from NYC, 1.5 hours from Harrisburg, 1.25 hours from Philadelphia, 1 hour from Allentown and Hershey, and 45 minutes from Lancaster.

The area surrounding the property has seen significant development and growth in recent years, with local government actively supporting new businesses. Notably, the local Penn State Health/St. Joseph’s Medical Center is expanding, and the nearby AW Golden lot is being transformed into a strip mall with a grocery anchor, which will attract even more businesses to the area.

This property is ripe for your growing business, providing an exceptional opportunity to secure a versatile space that can cater to educational institutions or a range of other commercial enterprises. The property is also listed as Commercial Sale under MLS# PABK2045640. Contact us today for more information or to schedule a tour!

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $21,000
Property Type Special Purpose
Usable Sqft Unknown
Number of Stories 2 stories
Parking Spots 0 spots
Year Built 1940
Last Sold Unknown
Sold Price Unknown
APN # 18530656447060
MLS # PABK2043300
Property ID 320496031
Lot Sqft 17,600
Zoning HM
Total Units 2
Days on Market 245
Original List Price Unknown
Date Updated October 30, 2024
Date Created May 15, 2024
Pets Unknown
Furniture 0
Laundry 0

Financials not available online. Please inquire with your agent for more details.

Listing Provided By

Sean H Moretti an agent of . Lic #RM421788


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Data last updated: January 15, 2025.

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