364 Blair Ave, READING
$2,650,000 - 35,867 Sf
MLS® # PABK2039586
511 - 515 Penn St, READING
$3,000,000
0 Beds
0 Baths
40,000 Sqft
.33 Acres
0 Garages
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.
Essential Information
MLS® #PABK2022164
Price$3,000,000
Bathrooms0.00
Square Footage40,000
Acres0.33
Year Built1900
TypeCommercial Sale
Sub-TypeFive Or More Units
StatusActive
Community Information
Address511 - 515 Penn St
AreaReading City (10201)
SubdivisionNONE AVAILABLE
CityREADING
CountyBERKS-PA
StatePA
MunicipalityREADING CITY
Zip Code19601
Amenities
ViewCity
Utilities
Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Interior
HeatingCentral
CoolingNone
Exterior
ExteriorStone
Lot DescriptionLevel, Interior
RoofFlat
School Information
DistrictREADING
Additional Information
ZoningC
Listing Details
OfficeSpringer Realty Group
Office Contact(484) 498-4000
LISTING MAP
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Listing information last updated on January 11th, 2025 at 2:00pm EST.
