Welcome to 1123 Chestnut St! This is an incredible opportunity to own a detached 5 unit corner property in the City of Reading. Currently operating as a 4 unit Residential and a 1 commercial unit that is a grocery corner store! This sale also includes an adjacent lot that provides 4 off-street parking spaces! The Commercial store will be turned over vacant and ready for a new business to start, equipment for store, shelves and display refrigerators will be included. The Store is located in the first floor, providing 2,380 sqft, plenty of open space for any type of retail use. Check with Zoning office for any specific use questions. The Second story has 4 residential units! There is a 2 bedroom apt that is in the front of the property. The other 3 units are all 1 bedrooms with dedicated living room, full kitchen and 1 bathroom. There are currently 2 units that are vacant and available for rent or owner occupancy. The 2 bedroom unit will also be available and vacant upon sale. These units have an incredible opportunity to be rented at current market rents that could range from 950 - 1100 per apartment. This large brick property also includes two attached Garages that can provide additional opportunities for commercial use or to rent out individually where garage parking has a high demand! This property has served the community as a grocery store since the 90s, and located in high car traffic on Chestnut st. Start a new business in a well established location or continue to use as a corner grocery store! The property has had important roof upgrades in 2015 and new heating system in 2009! There are 5 Electric meters and gas meters that separate cooking fuel for all units. Commercial space can also serve as a rental, the commercial unit can provide a projected rent of 1900 - 2500 a month. Please call with any additional questions on potential use, expenses or ideas! Set up a tour today. Garages Occupied - 2 car garage/owner-$500 month projected rent. Parking for 4 - occupied, monthly lease type, $50. a month each / projected rent $100 each a month.
