501 PENN ST Pending Save Request In-Person Tour Request Virtual Tour
Reading,PA 19601
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
Year Built 1793
Annual Tax Amount $9,998
Tax Year 2023
Lot Size 3,049 Sqft
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
Exterior
Utilities Available Sewer Available,Water Available
Waterfront N
Water Access N
View City,Street
Roof Type Flat
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
Acceptable Financing Conventional,Cash,Negotiable
Listing Terms Conventional,Cash,Negotiable
Special Listing Condition Standard