Renovated Office Building
For Sale
$375,000
540 Court Street, Reading, PA 19601
Completely renovated office suites with elevator access, conference rooms, and an outdoor patio, suited for professional services.
Property Size3,650 SF
Price / SF$102.74
Days on Market106
Property Features for 540 Court Street
General Information
Standard status
Active
Size
3,650 SF
Property subtype
Office
Building Details
Year Built
1874
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 888-4757
Listed By:
Jocelyn Roncase · License #RS229295
(610) 888-4757
Source:
Xome
Added: Apr 18
Changed: Jul 10
Last Checked: Jul 31 at 3:03AM
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.
Investment Insights
Based on property information with market context.
This renovated office building offers bright office suites across multiple levels, with conference rooms and a luncheon area that includes an outdoor patio. Tenants and clients can move between floors via the stairs or elevator, and the interior features include carpeting and window blinds. Many suites are appointed with non-working fireplaces, built-in bookcases and shelving. A directory is displayed in a gracious, inviting lobby, and clients moving further into the building use a virtual receptionist. The building configuration can support smaller occupants or a larger footprint, with some suites potentially reconfigured to span an entire floor; if not all space is needed, remaining suites may be leased to other businesses. Furnishings and office furniture are included if needed.
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.
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.
Key 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
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 |
3,650 SF · lease $12.96/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$436.9K
$382.3K – $509.7K
NOI $30,582 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.2K
$524.3K – $699.1K
NOI $41,943 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,825
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Completely renovated office suites with elevator access, conference rooms, and an outdoor patio, suited for professional services.
Where is this office units located?
The property is located at 540 Court Street Reading, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 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
