Homes for sale - 501 PENN ST, Reading, PA 19601

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Matt Marino

[email protected] +1(215) 896-2171

$ 790,000

Est. payment -/mo

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Pending

501 PENN ST Reading, PA 19601

10,200 SqFt

UPDATED:

08/20/2024 02:57 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 10,200 sqft

Price per Sqft $77

MLS Listing ID PABK2026384

Originating Board BRIGHT

Year Built 1793

Annual Tax Amount $9,998

Tax Year 2023

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 32*100

Property 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!

Location

State PA

County Berks

Area Reading City (10201)

Zoning CC

Interior

Hot Water Electric

Heating Heat Pump - Gas BackUp

Cooling None

Flooring Hardwood, Carpet, Laminate Plank, Partially Carpeted, Other

Heat Source Natural Gas

Exterior

Utilities Available Sewer Available, Water Available

Waterfront N

Water Access N

View City, Street

Roof Type Flat

Street Surface Paved

Accessibility 32\"+ wide Doors, 36\"+ wide Halls, 48\"+ Halls, Elevator

Road Frontage City/County

Parking Type On Street

Garage N

Building

Lot Description Level, Road Frontage, Zero Lot Line

Foundation Block, Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Reading Senior

School District Reading

Others

Tax ID 07-5307-83-70-9307

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash, Negotiable

Listing Terms Conventional, Cash, Negotiable

Financing Conventional,Cash,Negotiable

Special Listing Condition Standard

Listed by Sean H Moretti • Destination Realty LLC

Matt Marino

+1(215) 896-2171

GET MORE INFORMATION