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Renovated Office Building Suites

540 Court Street Reading, PA 19601

540 Court Street, Reading, PA, 19601
$375,000
For Sale
Claim this Listing
$375,000

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
AddedApr 18
Days on Market89
Last RefreshJun 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 office Long & Foster Real Estate, Inc.

Listing date Apr 18, 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.


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.

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

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
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 (±1% cap)
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 (±1% cap)
NOI $41,943 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Robert T. Ullman Law Firm Forry Ullman Ullman ... Law Firm Johnston Curtis C Law Firm

Suggested Use

Real Estate Agency Dental Office Skin Care Clinic Electrical Service Gym & Fitness Center Garden Center Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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