501 Penn St , Reading, PA 19601
Reading, PA 19601
Description
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!
Details
| MLS# | PABK2026384 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1793 |
| Days On Site | 586 |
| Listing Provided By | Destination Realty LLC | Sean H Moretti |
Features
| SQ Feet | 10,200 |
|---|---|
| Zoning | CC |
| Acreage | 0.07 |
| Property View | Yes |
Market Activity 19601
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Learn More About This Property
| State | PA |
|---|---|
| County | Berks |
| City | Reading |
| Zip Code | 19601 |
| Area | Reading City |
| School District | Reading |
| Listing VS Median (in 19601) | |
Price: $790,000 low | high Med: $229,900 SqFt: 10,200 low | high Med: 2,175 $ / SqFt: $77 low | high Med: $106 On Site: 586 low | high Med: 93.000000 | |
