Active

511 - 515 Penn St

Reading PA, 19601

$3,000,000


$75.00 per sqft

Active

40,000 sqft

Commercial

Built in 1900

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 CRIZ Grant Paying up to 80% of property acquisition and rehab for commercial development and other potential programs. Approximately 30 apartments should be possible with the first floor staying commercial.

PABK2022164

MLS ID

September 28, 2022

Listed

November 22, 2024

Updated

Map

511 - 515 Penn St
Reading PA, 19601

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Lot Size

0.33 Acres


Sewer

Public Sewer

Other Property Details

Area Name

READING CITY


Taxes

$4,682


Tax Frequency

Annually


Days on Market

759


Garage

No


Parking

On Street


Parking Total

50


View

Yes


View Description

City


County

BERKS


Water Source

Public


Pool

No

Listed by Springer Realty Group
Listing Contact: 6102099219 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/22/2024 at 1:52 AM UTC

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