511 Penn St - Storefront Retail/Residential FOR SALE


Reading, PA 19601- Southwest Reading
$3,000,000 USD
610-209-9219
511 Penn St, Reading, PA for Sale
$3,000,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

511 Penn St
Reading, PA 19601
Southwest Reading


HIGHLIGHTS

  • Redevelopment Opportunity in The Keystone Opportunity Zone
  • 40,000 sq ft facility on multiple floors with many development options

OVERVIEW

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 Home Grant Paying Upto 75% of property acquisition and rehab for housing and other potential programs. Call Pete Gustis – 610-209-9219 Springer Realty Group – 4844984000 https://www.PhillyMetroCRE.com This is a 40,000 sq ft Redevelopment Opportunity located in the heart of the Keystone Opportunity Zone in Reading, Pa. ! Opportunity Funds are investment vehicles organized as a corporation, partnership or LLC for the purpose of investing in Opportunity Zones.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Reading Bank and Trust Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

com

APN/PARCEL ID

07-5307-83-80-0430

ASK ABOUT THIS PROPERTY

Peter GustisPhilly Metro CRE - Springer Realty GroupMore Info
610-209-9219

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Peter GustisPhilly Metro CRE - Springer Realty GroupMore Info
610-209-9219

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