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Marjorie Dick Stuart

  • Cell 240-731-8079
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511 - 515 Penn St, READING, PA – $3,000,000

  • $3M Price
  • 40,000 Sqft
  • .33 Acres
  • 585 DOM
  • $3M Price
  • 40,000 Sqft
  • .33 Acres
  • 585 DOM

511 - 515 Penn St

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. Approximately 30 apartments should be possible with the first floor staying commercial.

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Essential Information

  • MLS® #PABK2022164
  • Price$3,000,000
  • Bathrooms0.00
  • Square Footage40,000
  • Acres0.33
  • Year Built1900
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address511 - 515 Penn St
  • AreaReading City (10201)
  • SubdivisionNONE AVAILABLE
  • CityREADING
  • CountyBERKS-PA
  • StatePA
  • MunicipalityREADING CITY
  • Zip Code19601

Amenities

  • ViewCity

Utilities

Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available

Interior

  • HeatingCentral
  • CoolingNone

Exterior

  • ExteriorStone
  • Lot DescriptionInterior, Level
  • RoofFlat

School Information

  • DistrictREADING

Additional Information

  • Date ListedSeptember 28th, 2022
  • Days on Market585
  • ZoningC

Listing Details

  • OfficeSpringer Realty Group
  • Office Contact(484) 498-4000
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Listing information last updated on May 5th, 2024 at 6:15pm CDT.