511 - 515 PENN ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19601
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 40,000 sqft
Price per Sqft $75
Subdivision None Available
MLS Listing ID PABK2022164
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,682
Tax Year 2022
Lot Size 0.330 Acres
Acres 0.33
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 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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning C
Interior
Hot Water None
Heating Central
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 50.0
Utilities Available Water Available,Sewer Available,Natural Gas Available,Electric Available,Phone,Cable TV Available
Waterfront N
Water Access N
View City
Roof Type Flat
Accessibility None
Parking Type On Street
Total Parking Spaces 50
Garage N
Building
Lot Description Interior,Level
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 07-5307-83-80-0430
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard