18 N 4th St & 355 Penn St 2 Properties Offered at $700,000 in Reading, PA

Horvath & Tremblay is pleased to present 18 N 4th Street & 355 N Penn Street, a vacant mixed-use redevelopment opportunity located in the heart of Downtown Reading, Pennsylvania. The offering consists of two adjoining parcels totaling approximately 8,276 square feet and provides an opportunity to transform the existing buildings into a substantial mixed-use project featuring 21 residential units and approximately 15,936 square feet of commercial space.
The proposed residential component includes a diverse mix of seven one-bedroom, 13 two-bedroom, and one three-bedroom apartments, totaling approximately 11,585 square feet of residential space. The unit mix provides a range of floor plans designed to accommodate a broad range of future downtown residents, while the substantial commercial component creates an opportunity for complementary retail, restaurant, service, office, or other permitted uses.
The proposed redevelopment incorporates approximately 15,936 square feet of commercial space, creating the potential for an active mixed-use environment within Reading's established downtown core. The property's C-C Commercial Core zoning permits multiple-unit housing alongside a broad range of commercial uses, including retail, restaurants, offices, hotels, entertainment, and cultural facilities.
Downtown Reading is experiencing continued public and private investment across residential, mixed-use, education, arts, and commercial development. Recent and ongoing initiatives include Reading CollegeTowne at 4th and Penn Streets, the GoggleWorks Center for the Arts Art Park expansion, and the City's Revitalization and Improvement Zone (CRIZ), which is designed to support economic development and reinvestment within the downtown district. The Greater Reading Chamber Alliance identifies sustained investment over the past decade as an important indicator of continued momentum in Downtown Reading.
The Property's central location provides future residents with convenient access to the amenities and institutions that define Downtown Reading. The area offers a walkable mix of restaurants, retail, professional services, civic institutions, arts and entertainment venues, with major destinations including Santander Arena, the Santander Performing Arts Center, GoggleWorks Center for the Arts, Reading Area Community College, Reading Public Library, and Reading CollegeTowne. Downtown Reading has also been recognized for its highly walkable environment, while ongoing streetscape, public art, and public-space investments continue to enhance the pedestrian experience.
The Property is also well positioned for connectivity throughout the city and broader Berks County market. Major downtown arteries including Penn Street, 4th Street, 5th Street, Franklin Street, and Washington Street provide convenient local access, while U.S. Route 422 and U.S. Route 222 connect Downtown Reading to surrounding employment centers and regional destinations. Public transportation is readily accessible through BARTA, with the downtown BARTA Transportation Center serving as a central hub for routes throughout Reading and Berks County. Reading's location also provides convenient access to major Northeast and Mid-Atlantic markets, including Philadelphia, Baltimore, Washington, D.C., and New York.
Future residents will benefit from the combination of an established downtown amenity base and continued investment intended to strengthen Reading as a place to live, work, and visit. Parks, public spaces, trails, cultural destinations, restaurants, entertainment venues, and educational institutions contribute to a diverse urban environment, while ongoing redevelopment continues to expand the range of amenities available within the downtown core.