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Listed by Beau McGettigan • KW Commercial
$ 2,300,000
Est. payment /mo
New
364 BLAIR AVE Reading, PA 19601
35,867 SqFt
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
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
