333 LOMBARD 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 PABK2060536
Year Built 1941
Available Date 2025-07-28
Annual Tax Amount $1,956
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 self-storage investment opportunity at 333 Lombard Street in Reading, PA, consisting of 34 total units, including thirty-three 9x17 units and one larger 18x17 unit. This centrally located site in Reading offers convenient access, a strong rental history, and recent capital improvements including freshly paved surfaces and roll-up doors. Electric utilities support the site's minimal operating needs, and tenants benefit from ease of access and standardized unit sizing.
The property currently generates $39,026 in income with a net operating income (NOI) of $30,767.05, reflecting a 7% CAP rate. Pro forma projections show potential income of $50,000 and NOI of $41,156, delivering a 9.4% CAP rate with improved occupancy and rental optimization. With low maintenance costs and a proven rental track record, this asset is well-positioned for continued growth and stable returns.
This property is part of a larger portfolio totaling over 500 self-storage units across the Reading area, providing scalable investment potential.
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 None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 09-5317-70-12-9381
Ownership Fee Simple
Special Listing Condition Standard