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    505 Penn St Reading, PA 19601

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    For Sale
    $1,900,000

    Landmark office building in Reading's downtown business district.

    Property size:
    28,750 SF

    Property Features for 505 Penn St

    General Information

    Size
    28,750 SF

    Building Details

    Year built
    1900

    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

    Historic Office Building For Sale

    The Stichter Hardware Building, located at 505 Penn St in Reading, PA, is available for sale. Rebuilt in 1909, this historic office building is situated in the newly formed CRIZ district. The property is located in the center of Reading's growing business district, near the Santander Arena, Performing Arts Center, Berks County Services Center, Greater Reading Chamber Alliance, and the Doubletree Hotel. The Alvernia University College Towne Campus is also nearby. The building provides surface lot parking spaces and a large attached garage, with several public parking garages and surface lots in close proximity. The property is nearly 85% occupied. The building offers updated systems, utilities, and finishes, with turn-of-the-century architectural features. The property size is 28,750 square feet. This property is suitable for an owner-occupant or an investor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Liberty Environmental Inc Environmental Consultant Recovery Coaching Services, ... Addiction Treatment Center Diversified Family Interventions Counselor Mrs. Pamela Spellman Counselor Capstone Commercial Real Estate Agency

    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
    -75.9274006
    Latitude
    40.3358063

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    FAQs

    What type of property is this?
    Office building - Landmark office building in Reading's downtown business district.
    Where is this office building located?
    The property is located at 505 Penn St Reading, PA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Located in the Reading CRIZ district.; - Historic landmark building (Stichter Hardware Building) rebuilt in 1909.; - Ample parking with a **large attached garage and surface lot.**
    (610) 370-8508
    Request Owner's contact information
    505 Penn St Reading, PA 19601
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    Reading, PA 19601
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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
    505 Penn St Reading, PA 19601
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