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533 Penn St
Reading, PA 19601
Retail Property For Sale

ATTACHMENTS

2nd floor plan

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
17,520 SF
Building Class
C
Year Built
1900
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.68
Lot Size
0.15 AC
Zoning
C-C Commercial Core
Frontage
60’ on Penn street

ABOUT 533 PENN ST , READING, PA 19601

533 Penn St. Retail/Office Investment Opportunity Prime Penn Street Downtown Reading retail/office property in excellent condition with fully code-compliant sprinkler and fire alarm systems, inspected passenger elevator and building-wide video monitoring system. Main floor tenants include successful Jamaican restaurant and long-term cell phone retailer. 2nd floor office is currently vacant but was completely redone in 2015 with new floors, walls, ceilings, lighting and heavy phone/data infrastructure. Third floor is currently unfinished but property has great potential for increased cash flow and value appreciation. Located in the vibrant 500 block of Penn Street in Downtown Reading, where redevelopment is accelerating with a number of new projects include a year-old Doubletree by Hilton hotel, Weidenhammer Systems Corporate Center under construction and Santander Bank operations center across the street. Now is the time to get in front of downtown growth trends!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-5307-83-80-2307
Land Assessment
$43,900
Improvements Assessment
$345,800
Total Assessment
$389,700
  • Listing ID: 4816936

  • Date on Market: 11/4/2016

  • Last Updated:

  • Address: 533 Penn St, Reading, PA 19601

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