Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1941
Sq.Footage
N/A
Prime value-add opportunity at 1128 Pike Street, Reading, PA. This property includes 34 self-storage units plus an income-producing commercial space, supported by electric, water, and sewer utilities. The layout is highly functional and maintains high occupancy with long-term tenants, ensuring stability and consistent performance. Current income is $63,791 with a net operating income (NOI) of $52,343.89, yielding a strong 9.3% CAP rate. Pro forma projections show the potential to increase income to $71,520 and NOI to $60,712, boosting the CAP rate to 10.1% through improved lease rates and operational optimization. This asset is part of a larger portfolio of over 500 storage units currently available in Reading, offering flexibility and scalability for investors focused on storage performance and market consolidation. 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
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
Exterior
-
Garage
No
-
Construction Materials
Block, Brick
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.23
-
Property Type
Commercial Sale
Price
-
Sales Price
$560,000
-
Tax Amount
3191.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Sewer
Public Sewer
-
Tax Lot
3719
-
Water Source
Public
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Location
County
BERKS
Elementary School
Middle School
High School
Listing Courtesy of Beau McGettigan , KW Commercial
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Owner, President, Investment Property Advisor
TheresaKehler
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