BEDS0
BATHS
MLS#PABK2022164
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLREADING
Property Description
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.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Natural Gas
Heating: Central
Lot Size: 0.33 Acres
Roof Type: Flat
Taxes: $4,682
Year Built: 1900
Feature Descriptions
Building Name: PENN STREET BANK BLDG.
Exterior: Stone, Masonry
Location: Downtown
Lot: Interior, Level
Lot Dimensions: 0.33 Acre(S)
Municipality: READING CITY
Sewer: Public Sewer
Special View Info: City
Total Garage/Parking Spaces: 50
Units: 50
Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water: Public
Local Schools
School District: READING
Listed By / Shown By
Listed By
Agency Name: Springer Realty Group
Agency Phone: 4844984000
Shown By
Agent Name: Sharon Kominsky
Agent Phone: (610) 334-6593
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
511 - 515 Penn Street | MLS# PABK2022164
This commercial property located at 511 - 515 Penn Street, Reading, PA 19601 is currently listed for sale with an asking price of $3,000,000. - 515 Penn Street is located within the READING school district. Search Reading real estate on www.sharonsellspahomes.com today.