$3,000,000
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511 - 515 Penn Street Reading, PA 19601 Municipality: Reading City
Multi-Family
Residence
Beds
6
Baths
...
Bed/Bath
40,000
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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.
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MLS#
PABK2022164
Property Type
Multi-Family
Bathrooms
Year Built
1900
Square Feet
40,000
sq. ft
Price per Sq. Ft.
$75.00
Lot Size
0.33
Sewer
Public Sewer
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