Find us on...
Dashboard
- $790k Price
- 10,200 Sqft
- .07 Acres
- 393 DOM
501 Penn St
Built in the late 1700's, this Historic Building is located at the Center of Reading's Business District. Great visibility, excellent location. The mostly occupied, diverse tenant mix includes 8 units: five retail at street level, three on the upper floors operating as office and service providers. Utilities are separated and each unit has their own HVAC , gas and electric meters. Owner expenses are very manageable. Buy today, collect rent tomorrow! The second and third floors are serviced by an elevator, allowing access to everyone. Regarding residential conversion: the commercial core zoning of this building requires commercial use on the ground level, but allows for residential use on the upper floors (with parking accommodations.) See the attached CC Zoning doc as well as floor plans. Easy to show with preferred 36 hours notice, come on out!
Essential Information
- MLS® #PABK2026384
- Price$790,000
- Bathrooms0.00
- Square Footage10,200
- Acres0.07
- Year Built1793
- TypeCommercial Sale
- Sub-TypeFive Or More Units
- StatusActive Under Contract
Community Information
- Address501 Penn St
- AreaReading City (10201)
- CityREADING
- CountyBERKS-PA
- StatePA
- MunicipalityREADING CITY
- Zip Code19601
Amenities
- ParkingPublPark, Unassigned
- ViewCity, Street
Utilities
Sewer Available, Water Available
Interior
- HeatingHeat Pump - Gas BackUp
- CoolingNone
- # of Stories3
Exterior
- ExteriorBrick and Siding
- RoofFlat
- FoundationBlock, Stone
Lot Description
Level, Road Frontage, Zero Lot Line
School Information
- DistrictREADING
- HighREADING SENIOR
Additional Information
- Date ListedFebruary 18th, 2023
- Days on Market393
- ZoningCC
Listing Details
- OfficeDestination Realty LLC
- Office Contact(610) 743-3310
Price Change History for 501 Penn St, READING, PA (MLS® #PABK2026384)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract | – | – | |
| Active | – | – | |
| Price Reduced | $790,000 | $5,000 (0.63%) | |
| Pending | – | – | |
| Price Reduced | $795,000 | $43,000 (5.13%) | |
| Show More (5) | |||
| Price Reduced | $838,000 | $10,000 (1.18%) | |
| Price Reduced | $848,000 | $20,000 (2.30%) | |
| Price Reduced | $868,000 | $11,000 (1.25%) | |
| Price Reduced (from $898,000) | $879,000 | $19,000 (2.12%) | |
| Active (from Coming Soon) | – | – | |
© 2020 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Coldwell Banker Residential Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Coldwell Banker Residential Realty are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. 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.
Listing information last updated on May 5th, 2024 at 3:45pm CDT.