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