$845,000

641 GREGG AVENUE, Reading, PA 19611

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 0 years ago

Property Description

**For Sale: Versatile Commercial Building with Development Potential** Explore a prime opportunity with this solid commercial building, fully approved for use as a school, accommodating **80 students and 30 staff members**. This professionally renovated property features a generous **15,556 sq. ft.** spread across two stories. The **handicap-accessible first floor** covers **7,893 sq. ft.**, while the **second floor** spans **7,663 sq. ft.** Each level has its own designated entrance, allowing for separated use by different tenants, providing flexibility and convenience. Zoned **HM (Heavy Manufacturing)**, this building offers many potential uses. Most recently operated as a special needs school, it could easily be transformed into a charter school, technical or vocational school, special needs facility, or large adult/toddler daycare. The zoning also accommodates manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, self-storage facilities, and more. Strategically located just blocks off the exit ramp for **Lancaster Ave. on Route 422**, this property is in close proximity to **Alvernia University**, providing excellent access to regional destinations. It is approximately **2.5 hours from NYC**, **1.5 hours from Harrisburg**, **1.25 hours from Philadelphia**, **1 hour from Allentown and Hershey**, and **45 minutes from Lancaster**. The surrounding area has experienced significant development and growth in recent years, with favorable local government initiatives encouraging new businesses to set up shop. The local **Penn State Health/St. Joseph’s Medical Center** is expanding, and the nearby **AW Golden lot** is being transformed into a strip mall with a grocery anchor, further enhancing the appeal of this location for future business opportunities. This property is ripe for your growing business! It is also listed as a commercial lease under **MLS# PABK2043300**. Don’t miss out on this exceptional opportunity—contact us today for more information or to schedule a viewing!

Listing Status:
Pending
Date Added:
May 12, 2025 at 05:00AM
Listing Office:
Destination Realty LLC : 6107433310
Listing Agent:
Sean H Moretti : 6107433310
MLS ID:
PABK2045640

This listing courtesy of Sean H Moretti, Destination Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Millmont Elementary School

400 Summit Ave, Reading, PA, 19611

Grades PK-4

0.45 miles away

S

Southwest Middle School

300 Chestnut St, Reading, PA, 19602

Grades 5-8

1.02 miles away

R

Reading Senior High School

801 N 13th St, Reading, PA, 19604

Grades 9-12

2.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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