Specialty Real Estate
641 Gregg Avenue Reading, PA 19611
Details & Description
Price: $0
    This 15,556 sq. ft. building, currently configured as a school, is suitable for investors and end users and available to lease or purchase. The current layout of both floors includes over 30 classrooms and offices, as well as a kitchen with a vent and Ansel system. The handicap-accessible first floor covers 7893 sq. ft., while the second floor spans 7663 sq. ft. Each floor boasts its own designated entrance. The building also includes a freight elevator, central A/C, and a heating system in working order, as well as 20 parking spaces, a loading dock, and a fenced-in playground that can be used as-is or converted to additional parking spaces. Originally purposed as a piano factory, the space is zoned for a wealth of varying uses, and has been used previously as a medical laboratory as well as a school. Other potential uses include charter school, technical/vocational school, special needs facility, large adult/toddler daycare, or similar. The space is also zoned to accommodate manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, self-storage facilities, and so much more.The property is located just blocks off the exit ramp for the burgeoning Lancaster Ave. on Route 422, and close to Alvernia University, with easy access to regional destinations. It is located approximately 2.5 hrs. from NYC, 1.5 hrs. from Harrisburg, 1.25 hrs. from Philadelphia, 1 hr. from Allentown and Hershey, and 45 mins. from Lancaster.The area around the property has experienced a high level of development and growth in recent years, with favorable local government welcoming and inviting new businesses to town. The local Penn State Health/St. Joseph’s Medical Center is expanding, as the nearby AW Golden lot is being converted into a strip mall with a grocery anchor that will bring more businesses into the area as well. Ripe for business, this property is perfect as an investment or for your growing business!
    Listing Agents
    Kyle McKechnie

    O: 610-370-8522
    M: 610-779-1400
    kmckechnie@naikeystone.com
    Brian McCahon

    O: 610-370-8510
    M: 610-207-0955
    bmccahon@naikeystone.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    641 Gregg Avenue

    Reading, PA 19611

    Listing ID: 243578
    641 Gregg Avenue Reading, PA 19611 | for Lease | Photo 1
    Unit Size: 7,405 SF
    Annual Rate/SF: $10.00
    Monthly Price: $6,170.00
    Service Type: NNN
    Lot Size: --
    Land Size: --
    Price
    $10.00 sf/yr
    Description

    This 15,556 sq. ft. building, currently configured as a school, is suitable for investors and end users and available to lease or purchase. The current layout of both floors includes over 30 classrooms and offices, as well as a kitchen with a vent and Ansel system. The handicap-accessible first floor covers 7893 sq. ft., while the second floor spans 7663 sq. ft. Each floor boasts its own designated entrance. The building also includes a freight elevator, central A/C, and a heating system in working order, as well as 20 parking spaces, a loading dock, and a fenced-in playground that can be used as-is or converted to additional parking spaces. Originally purposed as a piano factory, the space is zoned for a wealth of varying uses, and has been used previously as a medical laboratory as well as a school. Other potential uses include charter school, technical/vocational school, special needs facility, large adult/toddler daycare, or similar. The space is also zoned to accommodate manufacturing or industrial processing, banking or financial institutions, colleges/universities, exercise clubs, self-storage facilities, and so much more.

    The property is located just blocks off the exit ramp for the burgeoning Lancaster Ave. on Route 422, and close to Alvernia University, with easy access to regional destinations. It is located approximately 2.5 hrs. from NYC, 1.5 hrs. from Harrisburg, 1.25 hrs. from Philadelphia, 1 hr. from Allentown and Hershey, and 45 mins. from Lancaster.

    The area around the property has experienced a high level of development and growth in recent years, with favorable local government welcoming and inviting new businesses to town. The local Penn State Health/St. Joseph’s Medical Center is expanding, as the nearby AW Golden lot is being converted into a strip mall with a grocery anchor that will bring more businesses into the area as well. Ripe for business, this property is perfect as an investment or for your growing business!

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Philadelphia History of Specialty Real Estate for Lease

    Reading Area Market Trends

    Listing Demographics for 641 Gregg Avenue Reading, PA 19611

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population15,649124,701196,739
    Population Median Age363637
    Population by Age0-9 Yrs2614 (16%)18996 (15%)27927 (14%)
    10-19 Yrs2152 (13%)17519 (14%)27886 (14%)
    20-29 Yrs2466 (15%)19149 (15%)27912 (14%)
    30-39 Yrs1912 (12%)16049 (12%)24479 (12%)
    40-49 Yrs1544 (9%)14291 (11%)23504 (11%)
    50-59 Yrs1656 (10%)14813 (11%)24598 (12%)
    60-69 Yrs1541 (9%)11755 (9%)19583 (9%)
    70+ Yrs1766 (11%)12130 (9%)20851 (10%)
    Median HH Income$41,160$42,810$52,634
    Total Household Income< 24K1685 (30%)13748 (30%)17161 (23%)
    25-49K1610 (29%)11812 (26%)17042 (23%)
    50-74K946 (17%)7233 (16%)12635 (17%)
    75-99K601 (10%)4898 (10%)8920 (12%)
    100-199K566 (10%)5988 (13%)12986 (18%)
    200K+73 (1%)1268 (2%)2832 (3%)
    Highest Education LevelNo Diploma24501792522589
    Diploma or GED31922647242628
    Some College14451347821192
    Assoc. Degree762563410256
    Bachelors Degree12651010019575
    Higher Degree557538810976
    Total Housing Units5,93450,43378,574
    --Owner-Occupied2,78822,26642,376
    --Renter-Occupied2,69422,68029,202
    Owner-Occupied Values< 100K1172894611526
    100-199K1409865018417
    200-299K12226867672
    300-399K6810012713
    400-499K5391865
    500K+115931183
    Total Working Age Population11,97195,002152,356
    In Work Force6,77459,46398,211
    Not In Work Force5,19735,53954,145
    Workforce Employed6,10753,55390,364
    Workforce Unemployed6585,8627,764
    Civlian Workforce6,76659,41598,128
    Military Workforce84883
    Total Households5,48244,94771,578
    Family Households3,30828,31147,249
    Non-Family Households2,17416,63524,329
    Married Couple1,78715,41029,640
    Other Family1,52112,90117,609
    Married w/Child8206,73012,210
    Single Male w/Child1131,2881,913
    Single Female w/Child8396,2208,309

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Berks County373,638+10411,442+7440,143+7471,457
    Lancaster County470,658+10519,445+8559,247+8602,153

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 641 Gregg Avenue in Reading?
    The asking price for 641 Gregg Avenue is $10.00 a SF per Year
    What is the building size of this commercial Specialty property?
    The size of this lease property at '.641 Gregg Avenue.' is 7405 square feet
    What is the population within 1 mile of 641 Gregg Avenue in Reading?
    The population within 1 mile of 641 Gregg Avenue Reading, PA 19611 is 15,649 people.
    Who do I contact for questions about 641 Gregg Avenue?
    You should contact the listing agent, Kyle McKechnie, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Philadelphia International Airport (PHL) 48
    Baltimore Washington International (Thurgood Marshall Airport) (BWI) 88
    Newark Liberty International Airport (EWR) 97
    Price
    $10.00 sf/yr
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