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- LoopNet Team
501 Penn St
Reading, PA 19601
Property For Lease
Highlights
- Prime location at the North East corner of downtown Reading PA
- Lots of nearby parking, three large covered lots within 3 blocks
- Tenants pay their own utilities, each with it's own heating system, electric and gas meters
- This intersection is at the heart of the city and offers great views from the upper floors
- 5 retail spaces along 5th St
- mostly leased - multi tenant property (2800 sf 2nd floor offices available for lease)
Property Overview
Prime location at the North East corner of downtown Reading PA. This intersection is at the heart of the city and offers great views from the upper floors. Built in the late 1700's, this Historic Building is located at the Center of Reading's Business District. Great visibility, excellent location. Diverse tenant mix includes 8 units with five street level retail, three office suites on the upper floors. Utilities are separated, each unit has their own HVAC and pays their own gas and electric bills! Owner expenses are very manageable and include water, sewer and a small owner electric bill for common areas and the elevator! Buy today, collect rent tomorrow! Second and third floors are serviced by an elevator, allowing access to everyone! Many are asking about residential conversion... the commercial core zoning does require commercial use on the ground level, but does allow residential use on the upper floors, (with parking accommodations). See attached CC Zoning doc as well as floor plans. Easy to show with preferred 36 hours notice, come on out!
- Controlled Access
- Kitchen
- Central Heating
- High Ceilings
- Natural Light
- Air Conditioning
Property Facts
