511 - 515 PENN ST, Reading, PA 19601
511 - 515 PENN ST, Reading, PA 19601
511 - 515 PENN ST, Reading, PA 19601
511 - 515 PENN ST, Reading, PA 19601
511 - 515 PENN ST, Reading, PA 19601
511 - 515 PENN ST, Reading, PA 19601
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Stage4 Mem02

Stage4 Mem02

+1(586) 586-5860
$ 3,000,000
Est. payment | /mo

0.33 Acres Lot

Save
$ 3,000,000
Est. payment | /mo
Save

0.33 Acres Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 0.330 Acres

MLS Listing ID PABK2022164

Financing Cash,Conventional

Subdivision None Available

Total Units 50

Short Sale No

Originating MLS BRIGHT

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

1-purchase type For Sale

Exterior

Garage Spaces 50

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

Building

Lot Description Interior, Level

New Construction N

Sewer Public Sewer

Water Public

Schools

School District Reading

Others

Tax Amount $4,682

Tax Year 2022

Tax ID 07-5307-83-80-0430

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Special Sale Standard

Bright MLS (BMLS)
testyfx76
Listed by Peter Gustis • Springer Realty Group

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Robert Lucido
Robert Lucido

Advisor | yjnn 4444789

+1(347) 903-3026

www.baidu.com

West, Huai'an, CA, 90013, USA

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511 - 515 PENN ST