1214 WEIMER ST new to site Save Request In-Person Tour Request Virtual Tour
Reading,PA 19604
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $72
MLS Listing ID PABK2060556
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $1,030
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
1214 Weimer Street, Reading PA features 10 garage storage units and 11 accompanying parking spaces, offering a secure, income-generating setup in a fully fenced block building. The unit mix includes 12x22 single bays and larger 24x22 double bays, accommodating a range of tenant needs from residential to light commercial storage. Currently, 9 of the 11 parking spaces are leased, and all garages are fully rented, reflecting strong demand and consistent occupancy.
Current income is $26,700 with a net operating income (NOI) of $21,031.29, delivering an impressive 11.7% CAP rate. The pro forma outlook shows income reaching $30,000 and NOI rising to $24,000, supporting a 13.3% CAP rate. With minimal overhead and strong physical infrastructure, this is a reliable income property ideal for both new and seasoned investors.
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 R-3
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 11.0
Water Access N
Accessibility None
Total Parking Spaces 11
Garage N
Building
Sewer No Sewer System
Water None
New Construction N
Schools
School District Reading
Others
Tax ID 03-5316-22-19-8215
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard