1400 Hill Rd - Schools FOR SALE


Reading, PA 19602- Southeast Reading
$2,750,000 USD
215-608-3734
1400 Hill Rd, Reading, PA for Sale
$2,750,000 USD
Schools - FOR SALE
1/23
null | Request Cap Rate

1400 Hill Rd
Reading, PA 19602
Southeast Reading


HIGHLIGHTS

  • Zoning approvals in place for 78 apartment units
  • Fully vacant delivery, allowing immediate redevelopment control
  • Large-scale adaptive reuse opportunity with 86,742 square feet of existing improvements
  • Public utilities and infrastructure in place, including public water and sewer and 600-amp, three-phase electric service

OVERVIEW

1400 Hill Road is a large-scale adaptive reuse and redevelopment opportunity in Reading, Pennsylvania. Formerly known as Central Catholic High School, the property is delivered fully vacant and consists of 86,742 square feet of existing improvements on 2.85 acres, with zoning approvals in place for 78 apartment units. The asset offers investors immediate control over redevelopment execution with multiple adaptive reuse paths available.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

Residential

APN/PARCEL ID

16-5316-06-29-9801

ASK ABOUT THIS PROPERTY

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215-608-3734

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Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.