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About the Listing LGTHSE1 - 3196968
Positioned in the heart of Downtown Reading, this rare multi-building opportunity offers investors the potential to develop 12–14 apartment units in a rapidly evolving corridor. Previously utilized as a Drug Addiction Parole & Probation Treatment facility, the property features substantial square footage and a layout conducive to multifamily conversion. Ideal for developers seeking a high-upside repositioning project in a growing rental market. With strong rental demand in the area and continued downtown revitalization, this asset presents a strategic opportunity for long-term cash flow and appreciation. Bring your vision and unlock the full potential of this prime investment.
Listing Highlights for 417 Walnut St
Status
Active
Days on Site
266
Property Type
Commercial Sale
MLS ®
PABK2068316
Year Built
1920
Total Square Footage
12,151
Lot/Acreage
0.12
Interior Details
- Appliances:
- Air Cond:
- Heating: Steam
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: R3
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $8,712
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
417 Walnut St Reading, PA 19601
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