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511 - 515 PENN STREET

Reading, Pennsylvania, 19601, United States

Property ID: #1288786 // Commercial // Source Status: Active
511 - 515 PENN STREET
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Traditional Sale
List Price:
$3,000,000.00
Icon 40,000 ft²
Icon 0.33 acres
Icon - beds
Icon - baths
Address:
511 - 515 PENN STREET
City:
Reading
State:
Pennsylvania
Zip Code:
19601
County:
BERKS
Subdivision:
NONE AVAILABLE
Country:
United States
Property Type:
Commercial
Additional Property Types:
Multi-Family
Year Built:
1900
Property Size:
40,000 ft²
Lot Size:
0.33 acres
Data Source:
BrightMLS
MLS/Reference Number(s):
PABK2022164
Source Status:
Active
Source Property Type:
Commercial, Five Or More Units

Property Provided By

  • Peter Gustis
  • Springer Realty Group
  • +1 (610) 209-9219

Connect with local buyer agents who are willing to offer commission savings!

Property Information

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.

Directions

on left side of Penn st. The Reading Bank and Trust Building also has an Entrance on Court St.

Source Disclaimer

BrightMLS

Listing Information © 2024 BrightMLS. All Rights Reserved.
Courtesy of Peter Gustis, Springer Realty Group pete@petegustis.com
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
This content last updated on 2024-10-14 19:04:07.


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