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    450 Penn St Reading, PA 19602

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    For Lease
    Contact for pricing

    Marquis building in downtown Reading with retail/office space.

    Property size:
    84,283 SF
    Lot size:
    84,283 SF

    Property Features for 450 Penn St

    General Information

    Size
    84,283 SF

    Building Details

    Year built
    2005

    Source: John Buccinno, SIOR CCIM Agent John Buccinno, SIOR CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Reading Office/Retail Building

    This former Santander Call Center is a prominent building situated in the heart of Downtown Reading, showcasing attractive architectural design features and significant curb appeal. The property benefits from wide pedestrian sidewalks in front of the main doors, an attractive lobby, common restrooms, and a multi-car elevator bank. The first floor space is adaptable and can be divided to accommodate either retail or office use. The property is located in the Reading CRIZ district. The building has a total property size of 84283 square feet and is best suited for professional office or retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Santander Global Tech ... Software Company Santander Bank ATM Atm American Coffee House Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9285354
    Latitude
    40.3347896

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    FAQs

    What type of property is this?
    Office building - Marquis building in downtown Reading with retail/office space.
    Where is this office building located?
    The property is located at 450 Penn St Reading, PA.
    What are key features of this property?
    This property features: - Located in the Reading CRIZ district; - **Marquis building in the heart of Downtown Reading**; - First floor space can be divided for retail or office use
    (610) 370-8508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    450 Penn St Reading, PA 19602
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