700 Lancaster Avenue
Reading, PA

700 Lancaster Avenue (Rt. 222) is a multi-tenanted, two-story office / retail building consisting of 13,000 square feet of rentable space situated on 0.54 acres of ground in Reading, Berks County, Pennsylvania. The building was constructed of masonry block, structural steel framing and glass in 1940 and is zoned for highway commercial, office, and educational uses. The property contains 35 off parking spaces, is serviced by public utilities and is 82% occupied. Currents tenants at the property include Elwyn, Inc. and All Stars Hair Studio & Day Spa.

Tripoint Properties acquired 700 Lancaster Avenue in September 2006 with the intention of redeveloping and repositioning the property. The property, at the time of acquisition, was 19% occupied with one retail tenant and was in need of significant repair. Tripoint Properties began the $325,000 redevelopment of 700 Lancaster Avenue in November 2006 and completed the work in January 2007. Redevelopment work at the property included the restoration and repainting of the building’s exterior, roof replacement, site work, and replacement of the rooftop HVAC units as well as upgrades to the building’s electrical, plumbing, sprinkler, and fire alarm systems. In January 2007, Tripoint Properties leased 9,500 square feet of space to Elwyn, Inc. and constructed their new space into a state licensed educational facility.

The property is conveniently located in Reading, PA along busy Route 222 (Lancaster Avenue), just west of Rt 422 and the Schuylkill River, near Alvernia College and the border of Shillington, PA. More than 15,000 cars, on average, pass the property each day. Routes 222, 422, 724, and 176 are within close proximity to the property providing quick and easy access to downtown Reading, Wyomissing, Pottstown, and the Pennsylvania Turnpike. The property is within easy walking distance to a number of amenities and the BARTA bus Route 11 stops within two blocks of the property.

Leasing Information