$440,000
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333 Lombard Street Reading, PA 19604 Municipality: Reading City
Other
Residence
Beds
Baths
...
Bed/Bath
3,800
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Prime self-storage investment opportunity at 333 Lombard Street in Reading, PA, consisting of 34 total units, including thirty-three 9x17 units and one larger 18x17 unit. This centrally located site in Reading offers convenient access, a strong rental history, and recent capital improvements includi...ng freshly paved surfaces and roll-up doors. Electric utilities support the site’s minimal operating needs, and tenants benefit from ease of access and standardized unit sizing. The property currently generates $39,026 in income with a net operating income (NOI) of $30,767.05, reflecting a 7% CAP rate. Pro forma projections show potential income of $50,000 and NOI of $41,156, delivering a 9.4% CAP rate with improved occupancy and rental optimization. With low maintenance costs and a proven rental track record, this asset is well-positioned for continued growth and stable returns. This property is part of a larger portfolio totaling over 500 self-storage units across the Reading area, providing scalable investment potential. 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
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MLS#
PABK2060536
Property Type
Other
Year Built
1941
Square Feet
3,800
sq. ft
Price per Sq. Ft.
$115.79
Lot Size
0.23
Sewer
Public Sewer
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