REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Justin Selby

justinselby@collinirealestate.com +1(856) 364-1548

Listed by Jason Miller • Coldwell Banker Realty

$1,250,000

Est. payment - /mo

4,356 Sqft Lot

Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PABK2068944

Year Built 1880

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

525 Penn Street in Reading City is located on the heaviest traveled block within the city. This building is situated one block off of the Berks County Court house and Santander Arena. Most outside public events throughout the year are held on the 500 block. 525 Penn St. building has a total of 6 units, 4 units are leased, generating incoming with a cap rate over 8%. The building itself is located in the Commercial-Core, historic district of Reading. The roof has been replaced in the past two years, and each unit has its own central air/heat system, for easy utility billing. Downtown Penn St. has recently added Alvernia University to the 400 block, and a new state of the art hospital is scheduled to be coming to the American House on the corner of the 300 block. In the past few weeks, several sections of the 400 block have been purchased and the improvement and revitalization of Penn St has accelerated. The benefits of 525 Penn St. is that the property is turnkey and incoming generating, leaving no delay for a build out or renovation process. This property is ahead of the rest and is located among the best. All documents available to show you the analytics of success this building has to offer.

Location

State PA

County Berks

Area Reading City (10201)

Zoning C-C COMMERCIAL CORE

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Ceramic Tile, Hardwood, Laminated, Luxury Vinyl Plank, Carpet, Wood

Heat Source Electric

Exterior

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

Water Access N

View City

Roof Type Flat,Rubber

Accessibility 36\"+ wide Halls, Elevator, Level Entry - Main, Other

Garage N

Building

Foundation Stone, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 07-5307-83-80-1316

Ownership Fee Simple

Acceptable Financing Cash, Other, Conventional, Exchange

Listing Terms Cash, Other, Conventional, Exchange

Financing Cash,Other,Conventional,Exchange

Special Listing Condition Standard

Read Less Info

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Justin Selby

+1(856) 364-1548

Agent | License ID: 1867481

Agent License ID: 1867481

525 PENN ST Reading, PA 19601

Justin Selby

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

525 PENN ST