364 BLAIR AVE Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19601
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
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
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
Special Listing Condition Standard