525 PENN ST, Reading, PA 19601
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525 PENN ST, Reading, PA 19601
525 PENN ST, Reading, PA 19601
525 PENN ST, Reading, PA 19601
525 PENN ST, Reading, PA 19601
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ONest Real Estate Harrisburg OFFICE

ONest Real Estate Harrisburg OFFICE

+1(717) 765-7665
Listed by Jason Miller • Coldwell Banker Realty
$ 1,250,000
Est. payment /mo
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525 PENN ST Reading, PA 19601

4,356 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PABK2068944

Year Built 1880

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

525 Penn Street in Reading City is located on the heaviest traveled block within the city. This building is situated one block off of the Berks County Court house and Santander Arena. Most outside public events throughout the year are held on the 500 block. 525 Penn St. building has a total of 6 units, 4 units are leased, generating incoming with a cap rate over 8%. The building itself is located in the Commercial-Core, historic district of Reading. The roof has been replaced in the past two years, and each unit has its own central air/heat system, for easy utility billing. Downtown Penn St. has recently added Alvernia University to the 400 block, and a new state of the art hospital is scheduled to be coming to the American House on the corner of the 300 block. In the past few weeks, several sections of the 400 block have been purchased and the improvement and revitalization of Penn St has accelerated. The benefits of 525 Penn St. is that the property is turnkey and incoming generating, leaving no delay for a build out or renovation process. This property is ahead of the rest and is located among the best. All documents available to show you the analytics of success this building has to offer.

Location

State PA

County Berks

Area Reading City (10201)

Zoning C-C COMMERCIAL CORE

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Ceramic Tile, Hardwood, Laminated, Luxury Vinyl Plank, Carpet, Wood

Heat Source Electric

Exterior

Utilities Available Electric Available, Cable TV Available, Phone Available, Sewer Available, Water Available

Water Access N

View City

Roof Type Flat,Rubber

Accessibility 36\"+ wide Halls, Elevator, Level Entry - Main, Other

Garage N

Building

Foundation Stone, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 07-5307-83-80-1316

Ownership Fee Simple

Acceptable Financing Cash, Other, Conventional, Exchange

Listing Terms Cash, Other, Conventional, Exchange

Financing Cash,Other,Conventional,Exchange

Special Listing Condition Standard

Bright MLS (BMLS)
ONest Real Estate Harrisburg OFFICE

ONest Real Estate Harrisburg OFFICE

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+1(717) 765-7665

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525 PENN ST