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1853 N 3rd St - 20-Acre, Rail-Served Industrial in Reading PA
20 Acres of Industrial Land in Reading, PA 19601
Investment Highlights
- Rail Access
- Quick Hwy Access
Executive Summary
Financial Summary (Actual - 2020) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$12,625
|
$631.25
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,625
|
$631.25
|
Financial Summary (Actual - 2020)
| Taxes | |
|---|---|
| Annual | $12,625 |
| Annual Per AC | $631.25 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $12,625 |
| Annual Per AC | $631.25 |
Property Facts Under Contract
| Sale Type | Investment or Owner User | Property Subtype | Industrial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 20.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 20.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 20.00 AC |
| Lot Size | 20.00 AC |
The ground surface is covered with concrete, concrete foundations, some gravel, few earthen areas and remaining cement building pads
Description
Former paint factory that closed in 2007 and buildings were removed. Currently the property being monitored with ground wells on a portion of the property and is expected to receive PA Act 2 Closure. The parcel is mostly level and irregularly shaped with frontage along and over three public streets. The southerly boundary of the property, along the north side of Bern Street, is 1,200 feet, per County tax assessment records. The irregular easterly boundary is about 540 feet to Richmond Street and then is an additional 321 feet to Rockland Street. The irregular westerly boundary is about 680 feet. Property line, in and through Rockland Street, is 240.12 feet. One curb-cut, with a gate, is located on Rockland Street and four driveway cuts are present on Bern Street. Access is via a locked gate at this time.
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $489,500 (2024) | |
| Land Assessment | $483,800 (2024) | Annual Taxes | $12,625 |
| Improvements Assessment | $5,700 (2024) | Tax Year | 2020 |
PROPERTY TAXES
zoning
| Zoning Code | M-C |
| M-C |
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1853 N 3rd St - 20-Acre, Rail-Served Industrial in Reading PA
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