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Renovated Office Building For Rent
For Lease
$13.50 SF/Yr

147 North 5th Street, Reading, PA 19601

High-profile office building with heated parking, renovated in 2020.

Space Size2,073 SF
Property Size12,000 SF
Days on Market211

Property Features for 147 North 5th Street

General Information

Standard status Active
Size 2,073 SF
Class B
Property subtype Office
Lease Term Gross

Building Details

Building Size 12,000 SF

Spaces For Lease

at 147 North 5th Street
3rd floor $13.50/SF/Yr
Size 2,073 SF
Term Negotiable
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Listed By: Kyle McKechnie, SIOR
Source: Naikeystone
Added: Apr 1 Changed: Oct 26 Last Checked: Oct 28 at 6:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kyle McKechnie, SIOR

Rey
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Investment Insights

Based on property information with market context.

This office building, situated in a high-profile location, underwent a complete renovation in 2020. A notable feature is the attached heated parking garage, designed to provide premium employee parking.

Key Highlights

  • High profile location
  • Fully renovated in 2020
  • Attached heated parking garage

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Skin Care Clinic Garden Center Pharmacy

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

480
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Reading, PA

$15.57 /SF/Yr
Avg Asking Price
$13.5–$17 /SF/Yr
Price Range
2,870 SF
Avg Space Size

This space is priced 13% below the average of $15.57 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office building - High-profile office building with heated parking, renovated in 2020.
Where is this office building located?
The property is located at 147 North 5th Street 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; Fully renovated in 2020; Attached heated parking garage
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Includes: Price & PSF · Cap rate · Location · Zoning

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