Reading, PA 19601,511 - 515 PENN ST
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Reading, PA 19601,511 - 515 PENN ST
Reading, PA 19601,511 - 515 PENN ST
Reading, PA 19601,511 - 515 PENN ST
Reading, PA 19601,511 - 515 PENN ST
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Janie Cauthorne

Janie Cauthorne

+1(443) 629-2526
Listed by Peter B Gustis • Springer Realty Group
$ 3,000,000
Est. payment /mo
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Active

511 - 515 PENN ST Reading, PA 19601

0.33 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PABK2022164

Year Built 1900

Annual Tax Amount $4,682

Tax Year 2022

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Berks

Area Reading City (10201)

Zoning C

Interior

Hot Water None

Heating Central

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 50.0

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

Water Access N

View City

Roof Type Flat

Accessibility None

Total Parking Spaces 50

Garage N

Building

Lot Description Interior, Level

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 07-5307-83-80-0430

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
SCHOOLSPROPERTIES
Elementary Schools 20
  • 7

    West Reading Elementary Center

    Public | 5 - 6

  • 6

    Brecknock Elementary School

    Public | KG - 4

  • 6

    Northwest Area Elementary School

    Public | PK - 4

  • 5

    Mifflin Park Elementary School

    Public | KG - 4

  • 5

    Cumru Elementary School

    Public | KG - 4

  • 5

    Governor Mifflin Intermediate School

    Public | 5 - 6

  • 5

    Lauer's Park Elementary School

    Public | PK - 4

  • 5

    Amanda E. Stout Elementary School

    Public | PK - 4

  • 5

    12th and Marion Elementary School

    Public | PK - 4

  • 5

    Mount Penn Elementary Center

    Public | 2 - 6

  • 4

    Northwest Middle School

    Public | 5 - 8

  • 4

    Millmont Elementary School

    Public | PK - 4

  • 4

    10th and Green Elementary School

    Public | PK - 4

  • 4

    Central Middle School

    Public | 5 - 8

  • 4

    Northwest Middle School

    Public | 5 - 8

  • 4

    13th and Green Elementary School

    Public | PK - 4

  • 4

    16th and Haak Elementary School

    Public | PK - 4

  • 3

    Glenside Elementary School

    Public | PK - 4

  • 3

    Riverside Elementary School

    Public | PK - 4

  • 3

    Southern Middle School

    Public | 5 - 8

Middle Schools 3
  • 7

    Wyomissing Area Jr. / Sr. High School

    Public | 7 - 12

  • 4

    Governor Mifflin Middle School

    Public | 7 - 8

  • 2

    Southwest Middle School

    Public | 6 - 7

High Schools 5
  • 5

    Governor Mifflin High School

    Public | 9 - 12

  • 2

    Reading Senior High School

    Public | 9 - 12

  • 1

    I-Lead Charter School

    Public | 9 - 12

  • 0

    Berks Catholic High School

    Private | 9 - 12

  • 0

    Reading Muhlenberg Ctc

    Public | 9 - 12

School and business data provided by Attom Data.
Janie Cauthorne

Janie Cauthorne

Broker

+1(443) 629-2526

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511 - 515 PENN ST