1128 PIKE ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19604
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2060542
Year Built 1941
Available Date 2025-07-28
Annual Tax Amount $3,191
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 0.00 x 0.00
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
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
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 17-5317-30-17-3719
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard