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About the Listing SPRNGRGP - 3128800
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.
Listing Highlights for 511 - 515 Penn St
Status
Active
Days on Site
1077
Property Type
Commercial Sale
MLS ®
PABK2022164
Year Built
1900
Total Square Footage
40,000
Lot/Acreage
0.33
County
Berks
Building Name
PENN STREET BANK BLDG.
Neighborhood
None Available
Area
Reading City (10201)
School District
Reading
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Interior,Level,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 50
- Zoning: C
- Roof: Flat
- Others: Average
- Sewer: Public Sewer
- Parking Features: On Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $4,682
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2022
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
511 - 515 Penn St Reading, PA 19601
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