505 Penn St - Office FOR SALE


Reading, PA 19601
$2,200,000 USD
484-769-3209
505 Penn St, Reading, PA for Sale
$2,200,000 USD
Office - FOR SALE
1/19
null | 4.5% Cap Rate

505 Penn St
Reading, PA 19601


HIGHLIGHTS

  • Prominent downtown location
  • Historic building with turn of the century arcitetureal features
  • updated systems, utilities and finishes. Beautiful and functional!

OVERVIEW

**For Sale: Historic Landmark Office Building – 505 Penn St, Reading, PA** Introducing **505 Penn St**, known as the **Stichter Hardware Building**, a landmark in the heart of Reading's downtown area. Rebuilt in **1909**, this beautiful and historic office building is now available for sale, offering a unique opportunity to own a piece of local history. Conveniently located in the center of Reading's growing business district, this property is just steps away from numerous downtown attractions, including the **Santander Arena**, **Performing Arts Center**, **Berks County Services Center**, **Greater Reading Chamber Alliance**, and the **Doubletree Hotel**. Additionally, the **Alvernia University College Towne Campus** is nearby, enhancing the area’s vibrancy and accessibility. The building offers several public parking garages and surface lots in close proximity, and it includes its own surface lot parking spaces as well as a large attached garage, providing ample parking for tenants and visitors. Currently, the property is **nearly 85% occupied**, making it an excellent opportunity for either an owner-occupant looking to establish their business in a historic setting or an investor aiming to expand their portfolio. This is your chance to be part of the revitalization of Reading's downtown. For additional information and to schedule a tour, **call us today!** Don’t miss out on this exceptional opportunity to own a piece of Reading's history!

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Stichter Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

CC

APN/PARCEL ID

07-5307-83-70-9470

ASK ABOUT THIS PROPERTY

Sean MorettiDestination RealtyMore Info
484-769-3209

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Sean MorettiDestination RealtyMore Info
484-769-3209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.