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408 Penn St
Reading, PA 19602
Retail Property For Sale

Property Facts
Amenities
- Bus Line
- Storage Space
- Air Conditioning
About 408 PENN ST , READING, PA 19602
This Downtown City property located in the heart of the Reading's business district is the Former Josephs clothier and former Rent a center. The first floor alone offers 10,000 SF with several entry areas which can be divided into separate units or spaces for extra income. There are several floors that could be used for storage or many other uses, bring your ideas and join the growing excitement of Downtown Reading!! There are four entrances to the first floor 2 from Cherry st and 2 on Penn st. The property is located in a Federally designated opportunity Zone. Any Capital Gains moved into an "Opportunity Fund" and subsequently used to buy R.E. in this area will get a 10 year tax deferment, a 15% discount on the capital gain after the 10 years, and any profits made from the investment itself will be tax free! This property is also available for RENT at $3000 per month. Owner financing available!
Property Taxes
| Parcel Number | 04-5307-82-70-4031 | Improvements Assessment | $103,600 |
| Land Assessment | $59,300 | Total Assessment | $162,900 |
Property Taxes
Listing ID: 16031979
Date on Market: 5/13/2019
Last Updated:
Address: 408 Penn St, Reading, PA 19602
The LANA Retail Property at 408 Penn St, Reading, PA 19602 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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