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511 - 515 Penn Street

READING, PA 19601
  • $3,000,000
  • STATUS: Active
  • ON SITE: 69 Days
  • ID#: PABK2022164
UPDATED: 71 min ago
$3,000,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

511 - 515 Penn st Reading Pa 40,000 square foot building in the Central Business District of Reading Pa. Former bank with lots of uses. In the Keystone Opportunity Zone. .33 acres 40,000 square feet of retail /commercial space in the heart of Penn St Reading between 5th & 6th Streets in the heart of the Reading Downtown Improvement District. Formerly Reading Trust stretches from Penn St to Court St with access on both streets. This is in the Penn Square Overlay District with underlying Commercial Core (C-C) district. 3 Story building with large 40 Ft Atrium Ceiling. .33-acre property has a full basement with many vaults. Single or Multiple tenant occupancy. Close to Reading Post Office, Attorney Row, City Hall, County Offices, and The Sovereign Center. New Roof. Multiple elevators, sprinkler system, several parking garages within walking distance. Public transportation on 5th St. Perfect Redevelopment project. Many Grant Opportunities paying for rehab and development with the Home Grant Paying up to 75% of property acquisition and rehab for housing and other potential programs.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-06T23:50:18.16.
www.execuhome.com/homes/133478762
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511 - 515 Penn Street READING, PA 19601

  • Price: $3,000,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 71 min ago
  • ID#: PABK2022164
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1900
Built
Neighborhood:
None Available
County:
Berks
Area:
Reading City (10201)
School District:
Reading
Property Description
511 - 515 Penn st Reading Pa 40,000 square foot building in the Central Business District of Reading Pa. Former bank with lots of uses. In the Keystone Opportunity Zone. .33 acres 40,000 square feet of retail /commercial space in the heart of Penn St Reading between 5th & 6th Streets in the heart of the Reading Downtown Improvement District. Formerly Reading Trust stretches from Penn St to Court St with access on both streets. This is in the Penn Square Overlay District with underlying Commercial Core (C-C) district. 3 Story building with large 40 Ft Atrium Ceiling. .33-acre property has a full basement with many vaults. Single or Multiple tenant occupancy. Close to Reading Post Office, Attorney Row, City Hall, County Offices, and The Sovereign Center. New Roof. Multiple elevators, sprinkler system, several parking garages within walking distance. Public transportation on 5th St. Perfect Redevelopment project. Many Grant Opportunities paying for rehab and development with the Home Grant Paying up to 75% of property acquisition and rehab for housing and other potential programs.
Exterior Features

Construction Materials StoneMasonry Garage YN No Location Type Downtown Lot Features InteriorLevel Parking Types On Street Property Condition Average Riparian Rights YN No Roof Flat View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 40000.00 Cooling None Heating Central Heating YN Yes Net Square Feet 40000.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2022 Business Type Apartment BuildingBanquet Facility/LodgeBig Box RetailDay Care FacilityFlexFuneral HomeHealth ClubHotel/MotelMedicalOther/General RetailProfessionalRecreationReligious FacilityRestaurant/BarSchoolSupermarket/Grocery StoreShopping CenterTheaterWarehouseOther Central Air YN No Cooling Fuel Electric Cross Street 5TH ST Heating Fuel Natural Gas Hot Water None Municipality Reading City Navigable Water YN N New Construction YN No Number Of Units Total 50 Original MLSNumber 801913138044 Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4682.00 Tax Assessment Amount 107100.00 Tax Lot 0430 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 Mile Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric AvailablePhoneCable Tv Available Vacation Rental YN No Water Source Public Year Built Effective 2020 Zoning C

Listing courtesy of Springer Realty Group: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-06T23:50:18.16.
 
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