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Downtown Reading Office/Retail Space
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601 Penn St, Reading, PA 19601

Class A office/retail building in the heart of Downtown Reading.

Space Size10,000 SF
Property Size148,000 SF
Days on Market915

Property Features for 601 Penn St

General Information

Standard status Active
Size 10,000 SF
Class A
Property subtype Retail, Office

Building Details

Building Size 148,000 SF
Year Built 1976
Tenancy Multiple

Spaces For Lease

at 601 Penn St Contact us

Suite 1

Size
10,000 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: NAI Keystone Commercial & Industrial, LLC
Listed By: Kyle McKechnie · License #RS 316192
Source: Crexi
Added: Feb 9, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:28AM

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 NAI Keystone Commercial & Industrial, LLC

Investment Insights

Based on property information with market context.

The property at 601 Penn Street is a Class A office/retail building situated in downtown Reading, Pennsylvania. Its location offers proximity to various downtown amenities and attractions, including the Santander Arena, Santander Performing Arts Center, the Berks County Services Center, The Greater Reading Chamber Alliance, the Doubletree by Hilton Hotel, and Alvernia University College Towne Campus. Several public parking garages are located within a block of the property, along with numerous downtown restaurants and local businesses. The property is intended for office and retail use.

Key Highlights

  • Class A office/retail building in Downtown Reading.
  • Prime location near Santander Arena and Santander Performing Arts Center.
  • Proximity to Berks County Services Center and Greater Reading Chamber Alliance.

Property Analytics

Current Use

Nickoy Book store (Bike/Boat/Book/etc) Store Santander Bank ATM Atm Fran Kelly Insurance Insurance Agency Santander Bank Branch Bank American Coffee House ... Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Electrical Service Gym & Fitness Center Garden Center

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

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

Lease Benchmarks for Reading, PA

$15.67 /SF/Yr
Avg Asking Price
$13.5–$17 /SF/Yr
Price Range
43,986 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Class A office/retail building in the heart of Downtown Reading.
Where is this office building located?
The property is located at 601 Penn St Reading, PA.
What are key features of this property?
This property features: Class A office/retail building in Downtown Reading.; Prime location near Santander Arena and Santander Performing Arts Center.; Proximity to Berks County Services Center and Greater Reading Chamber Alliance.
(610) 779-1400 Call to check price and availability
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