Listing Agency: NAI Keystone Commercial & Industrial, LLC j***@naikeystone.com Show Phone

Listed By: John Buccinno · License #AB066056

Source: Crexi

Added: Apr 4, 2024 Changed: Jul 6 Last Checked: Jul 31 at 4:06PM

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Investment Insights

Based on property information with market context.

This office building, situated in a prominent downtown Reading, Pennsylvania location on North 5th Street, between Washington and Walnut Streets, underwent a complete renovation in 2020. A notable feature is the attached heated parking garage, designed to provide optimal employee parking. The property is located in Berks County.

Key Highlights

• High profile location in downtown Reading, PA.
• Fully renovated in 2020.
• Attached heated parking garage.

Property Analytics

Property Profile

Current Use

Friends of Vaughn Spencer Advocacy Group John D. Bucolo Law Firm imountaintop Consultant

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service (Bike/Boat/Book/etc) Store Acupuncture Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.03 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,904

Businesses Nearby

Explore this area Business Placement

Demographics for 19601, PA

35,477

Population

14,024

Households

2.5

Avg Household Size

34

Median Age

12%

College-Educated

73%

High-School Grad

3.8 sq mi

ZIP Area

9,336

Density / Sq Mi

$41,133

Median Household Income

$30,433

Median Earnings

$986

Median Rent

$110,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Downtown Reading office building renovated in 2020 with heated parking.

Where is this office building located?

The property is located at 147 N 5th St Reading, PA.

What is the lease rate?

The lease rate is $13.50 SF/Yr.

What are key features of this property?

This property features: High profile location in downtown Reading, PA.; Fully renovated in 2020.; Attached heated parking garage.