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408 Penn St 32,152 SF Retail Building Reading, PA 19602 $849,000 ($26.41/SF)
EXECUTIVE SUMMARY
408 Penn Street is a 3-story commercial building with a full basement (4 total levels), located in the heart of downtown Reading, PA. With a flexible layout and open floor plans, the property is well-suited for a variety of uses.
Basement: Large stockroom or storage area
First Floor: Retail storefront with excellent frontage and visibility along Penn Street
Second Floor: Open space that could potentially be used as office or converted into residential units
Third Floor: Ideal for creative office, studio, or additional apartment build-out
The building layout makes it highly adaptable for mixed-use redevelopment, live/work opportunities, or a retail + residential investment. You can potentially configure the upper floors into apartments or office suites, depending on your vision and local permitting.
This property benefits from its prime location along Reading’s main commercial artery, surrounded by Santander Arena, Reading Area Community College, government buildings, banks, restaurants, and professional offices. Zoned C-C (Commercial Core), the property allows a broad range of commercial and residential uses.
Basement: Large stockroom or storage area
First Floor: Retail storefront with excellent frontage and visibility along Penn Street
Second Floor: Open space that could potentially be used as office or converted into residential units
Third Floor: Ideal for creative office, studio, or additional apartment build-out
The building layout makes it highly adaptable for mixed-use redevelopment, live/work opportunities, or a retail + residential investment. You can potentially configure the upper floors into apartments or office suites, depending on your vision and local permitting.
This property benefits from its prime location along Reading’s main commercial artery, surrounded by Santander Arena, Reading Area Community College, government buildings, banks, restaurants, and professional offices. Zoned C-C (Commercial Core), the property allows a broad range of commercial and residential uses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
32,152 SF
Building Class
C
Year Built
1900
Price
$849,000
Price Per SF
$26.41
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.08
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
C-C - Commercial Core
Frontage
45’ on Penn Street
AMENITIES
- Bus Line
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Furniture Mecca
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Furniture Mecca | Retailer | - | - | - |
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-5307-82-70-4031 | Improvements Assessment | $103,600 |
| Land Assessment | $59,300 | Total Assessment | $162,900 |
PROPERTY TAXES
Parcel Number
04-5307-82-70-4031
Land Assessment
$59,300
Improvements Assessment
$103,600
Total Assessment
$162,900
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408 Penn St
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