511 - 515 Penn Street
Reading,
PA
19601
Property Details
| List Price: |
$3,000,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Springer Realty Group |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
Commercial |
| Year Built: |
1900 |
| Notes: |
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. |
| MlsNumber: |
PABK2022164 |
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| Listing Provided By: |
Springer Realty Group, original listing |
| Name: |
Springer Realty Group |
| Phone: |
(484) 498-4000 |
| Office Name: |
Springer Realty Group |
| Office Phone: |
(484) 498-4000 |
| Agent Name: |
Peter Gustis |
| Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
