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2047 Kutztown Rd

106,772 SF Industrial Building Reading, PA 19605 £2,621,208 (£25/SF)

Investment Highlights

  • Beautiful Office Building w/ Industrial
  • Desirable Labor Pool w/i 1-mile radius
  • Driveways on Kutztown Road and N. 11th Street
  • Perfect for Owner-User or Redevelopment Project
  • Immediate access off Route 12 / N. 11th Street Exit

Executive Summary

106,772 SF on 10-Acres as a Perfect Redevelopment Opportunity or Owner-User facility. 17,408 SF Office Condo is included on this property.
OFFICE DETAILS: 17,408 SF one-story
Masonry exterior walls, mix of smooth face and split face c.m.u. with varied coloring. Steel superstructure, flat roof with original EPDM over 2 1/2” rigid insulation. Thermopane Windows are set in aluminum frames. Some operate, some are fixed pane.
Solid core stain grade Birch Doors set in hollow metal frames w/lever action hardware. 18” Carpet Tile floors. Fluorescent Lighting w/ standard prismatic lenses. Executive offices have LED butterfly fixtures. Open area shave T-5 Pendant lights as well as “high hats”. A 4” Concrete slab over a vapor barrier and crushed stone is provided.
Architecture by DESIGNWORKS Architecture, P.C. and construction by Associated Construction Management.
INDUSTRIAL DETAILS: 89,364 SF Total
Main Floor is 78,864 SF
Second Floor is 10,500 SF
Lower Level is 10,772 SF (NOT INCLUDED in Total)
Concrete and brick exterior walls with steel and heavy timber wood framing in original sections. Original section has wall panels covering all window openings. Roof monitors 22’ at peak allow for lots of natural light even with the glass covered by fiberglass panels. Concrete floors throughout with a limited section on the original building having some wood block floor over concrete. This area is covered by steel plate and / or a layer of macadam. 15” square concrete columns set at 15’ x 20’ spacing in original building and 15’ x 45’ steel columns in the newer building. Roof on the original is one-half pitched roof w/ rubber membrane, six peaked roof monitors covered with shingles and rubber membrane and a small section of flat roof in disrepair. Appears to be composition. Newer section has eight peaked roof monitors w/ shingles. Seven (7) docks serve the main floor. Edge-of-dock levelers are provided. One drive-in door serves the basement area. Two exterior docks on the end also abuts a rail spur / line operated by Norfolk Southern. The property across N 11th often has cars on the spur.
The industrial section was vandalized early November and several copper lines feeding the electric panel where stolen. Sale price is adjusted to account for this condition. It is assumed that most re-development could involve changing or updating the electric in this section.
Visit naikeystone.com for accurate listing info.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,621,208
Price Per SF £25
Sale Type Owner User
Property Type Industrial
Property Subtype
Distribution
  • Light Industrial Research & Development
  • Industrial Manufacturing
  • Office Industrial Live Work Unit
Building Class B
Lot Size 9.98 AC
Rentable Building Area 106,772 SF
Number of Floors 1
Year Built/Renovated 1933/2019
Parking Ratio 1.4/1,000 SF
Clear Ceiling Height 15 ft
No. Dock-High Doors/Loading 7
Level Access Doors 1

Amenities

  • Roof Lights
  • Yard
  • Fiber Optic Internet

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 17-5318-17-01-5771-C01
  • 17-5318-17-01-5771
Land Assessment
£276,361
Improvements Assessment
£909,833
Total Assessment
£1,186,194
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2024

zoning

Zoning Code M-C ("Manufacturing Commercial" district, which is the City of Reading's most liberal ordinance.)
M-C ("Manufacturing Commercial" district, which is the City of Reading's most liberal ordinance.)
  • Listing ID: 32817554

  • Date on Market: 15/08/2024

  • Last Updated:

  • Address: 2047 Kutztown Rd, Reading, PA 19605

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