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Conventional Restaurant with Central Air
New
For Lease
$279,500

527 PENN STREET, Reading, PA 19601

The property features multi-unit central air, natural gas, forced-air heat, and a gas water heater.

Space SizeContact for details
Days on Market5

Property Features for 527 PENN STREET

General Information

Standard status Active
Total Parking Spaces 10
Zoning COMMERCIAL/RES

Amenities

Central Air, Multi Units
Natural Gas, Forced Air
Gas Water Heater
Street, Other
On Street, Secured, Lighted, Paved, Parking Lot, Other

Building Details

Year Built 1930
Listing Agency: NextHome, Inc
Listed By: Vince Rollins · License #RS339845,PersonLicenseNumber
Source: Evrealestate
Added: Aug 8 Changed: Aug 11 Last Checked: Aug 12 at 5:20AM

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 NextHome, Inc

Investment Insights

Based on property information with market context.

This conventional restaurant property at 527 Penn Street in Reading was built in 1930. Interior systems include multi-unit central air, natural gas service, forced-air heating, and a gas water heater. The property is zoned COMMERCIAL/RES.

Exterior and parking details include street and other frontage conditions, along with on-street and parking-lot options described as secured, lighted, and paved. Access directions reference Business Rt. 422 and the Penn Street exit toward downtown Reading.

Key Highlights

  • Conventional restaurant property at 527 PENN STREET, READING, PA 19601
  • Built in 1930
  • Zoned COMMERCIAL/RES

Property Analytics

Current Use

Beat Street Records Recording Studio Russo's Pizzeria & Italian ... Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Electrical Service Garden Center Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

2,893
Businesses Nearby
Under-served
Demand for This Use

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - The property features multi-unit central air, natural gas, forced-air heat, and a gas water heater.
Where is this conventional restaurant located?
The property is located at 527 PENN STREET Reading, PA.
What is the lease rate?
The lease rate is $279,500.
What are key features of this property?
This property features: Conventional restaurant property at 527 PENN STREET, READING, PA 19601; Built in 1930; Zoned COMMERCIAL/RES
More about this property
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