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Investment Highlights

  • Classic Architectural Detail
  • Three Station Large Capacity Freight Elevator
  • Excellent Downtown Location Close to Performing Arts and Sporting Venues
  • Over 18,000 Sq. ft. on three levels plus potential lower level space
  • 3 Phase Electric
  • Close to Downtown College Campuses

Executive Summary

Excellent Investment/Repurposing Opportunity in Downtown Reading, PA. This property is situates minutes from Penn Square, All of the Downtown Performing and Sports Venues, Hotels, and Municipal Parking Lots.

Property Facts

Price $695,000
Price Per SF $38.61
Sale Type Investment or Owner User
Property Type Specialty
Lot Size 0.16 AC
Building Size 18,000 SF
No. Stories 3
Year Built 1900
Cross Streets 5th Street
Opportunity Zone Yes
Zoning Commercial - Commercial Core and included in the Penn Square Overlay District, allowing for a wide variety of retail,office, food service and personal service uses
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
04-5306-27-89-1669
Land Assessment
$22,000
Improvements Assessment
$124,200
Total Assessment
$146,200
  • Listing ID: 38703850

  • Date on Market: 12/9/2025

  • Last Updated:

  • Address: 527 Franklin st, Reading, PA 19602

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