515 Penn St Reading, PA 19601
Sponsored
100-Unit Apartment Building, Prime Location
Property size:
40,000 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 515 Penn St
General Information
- Property type
- Multifamily properties
- Square Feet
- 40,000 SF
- Class
- B
- Lot Size
- 14,375 SF
Building Details
- Units
- 100
HighLights
- 40,000 SF, three‑story Class B building on a 0.33‑acre lot in downtown Reading, PA.
- Prime location in the Reading Downtown Improvement District and Penn Square Overlay District (C‑C zoning).
- Features a 40‑foot atrium ceiling, multiple elevators, a sprinkler system, and a new roof.
- Full basement with numerous vaults; suitable for single or multi‑tenant occupancy, with redevelopment potential for approximately 30 apartments.
- Excellent walkability to the Reading Post Office, Attorney Row, City Hall, County Offices, and The Sovereign Center; nearby parking garages and public transportation.
- Asking price: $3,000,000 ($75/SF, $30,000/unit); significant grant funding may be available (up to 75% of acquisition and rehab costs).
Property Profile
Location Intelligence
Current Use by Public Records
Warren Portable Toilet ...
Portable Toilet Supplier
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.927159609562
- Latitude
- 40.335347246598
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 100-Unit Apartment Building, Prime Location
Where is this multifamily property located?
The property is located at 515 Penn St Reading, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 40,000 SF, three-story Class B building on a 0.33-acre lot in downtown Reading, PA.; Prime location in the Reading Downtown Improvement District and Penn Square Overlay District (C-C zoning).; Features a 40-foot atrium ceiling, multiple elevators, a sprinkler system, and a new roof.
