This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
408 Penn St
Reading, PA 19602
Property For Lease
Property Facts
| Property Type | Retail | Year Built | 1900 |
| Gross Leasable Area | 32,152 SF |
| Property Type | Retail |
| Gross Leasable Area | 32,152 SF |
| Year Built | 1900 |
About the Property
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 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!
- Bus Line
- Storage Space
- Air Conditioning
