Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1880
Sq.Footage
N/A
525 Penn Street in Reading City is located on the heaviest traveled block within the city. This building is situated one block off of the Berks County Court house and Santander Arena. Most outside public events throughout the year are held on the 500 block. 525 Penn St. building has a total of 6 units, 4 units are leased, generating incoming with a cap rate over 8%. The building itself is located in the Commercial-Core, historic district of Reading. The roof has been replaced in the past two years, and each unit has its own central air/heat system, for easy utility billing. Downtown Penn St. has recently added Alvernia University to the 400 block, and a new state of the art hospital is scheduled to be coming to the American House on the corner of the 300 block. In the past few weeks, several sections of the 400 block have been purchased and the improvement and revitalization of Penn St has accelerated. The benefits of 525 Penn St. is that the property is turnkey and incoming generating, leaving no delay for a build out or renovation process. This property is ahead of the rest and is located among the best. All documents available to show you the analytics of success this building has to offer.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Cement Siding, Stone, Wood Siding
-
Parking
On Street, Paved, Garage, Other
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Size(acres)
0.1
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,250,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
5
-
Accessibility Features
Accessible Hallway(s), Accessible Elevator Installed
-
Foundation Details
Stone, Concrete Perimeter
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
BERKS
Elementary School
Middle School
High School
Listing Courtesy of Jason Jason Miller , Coldwell Banker Realty
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Olivia Dibert
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