540 Court Street, Reading, PA 19601
Completely renovated office suites with elevator access, conference rooms, and an outdoor patio, suited for professional services.
- Added:
- Apr 2, 2026
- Days on Market:
- 76
- Last Refresh:
- Jun 15 at 1:49 am
Property Features for 540 Court Street
General Information
- Standard status
- Active
- Size
- 3,650 SF
- Property subtype
- Office
Building Details
- Year Built
- 1874
Listing agent Jocelyn Roncase (610) 888-4757
Listing office Long & Foster Real Estate, Inc. (610) 888-4757
Listing date Apr 2, 2026
Source Xome
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 Long & Foster Real Estate, Inc.
HighLights
- Completely renovated office suites with elevator access, conference rooms, and an outdoor patio
- Interior features include carpet flooring, heating, and an intercom system
- Central Business District location; property is in the CRIZ (new Revitilization and Improvment Zone) of Reading
- Use the lobby directory and virtual receptionist for client entry and reception
- Includes on‑street parking and a rubber roof; zoning is COM
- Property includes 3 parcels: 538, 540, and 542 Court St.
Overview
The property is located in Reading, PA within the newly created Revitilzation and Improvement Zone (CRIZ). It sits just off the main street, placing it within walking distance of the courthouse, parking garages, and stores, based on the remarks provided. The property consists of three parcels: 538, 540, and 542 Court St.
With its conference space, receptionist features, and professional suite finishes, the building is positioned for law firms, real estate firms, title companies, and accounting firms. The suite flexibility supports a range of tenant needs, including single-suite occupancy or combining suites for broader operations, subject to the building layout and configuration.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $12.96 |
| − Vacancy | −$6.5k | −$1.79 |
| EGI | $40.8k | $11.17 |
| − OpEx | −$10.2k | −$2.79 |
| NOI | $30.6k | $8.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9264609
- Latitude
- 40.3360399