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    601 Penn St Reading, PA 19601

    For Lease
    Contact for pricing

    Class A Office Space, 10,000 SF Available

    Lot size:
    148,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    601 Penn Street presents a unique opportunity to lease 10,000 square feet of prime Class A office and retail space in the vibrant heart of Downtown Reading, Pennsylvania. This 148,000 square foot building, constructed in 1976, offers a single, multi-tenant suite configuration, ideal for a variety of businesses seeking a prominent location. The property boasts exceptional accessibility, situated within walking distance of numerous amenities including the Santander Arena, Santander Performing Arts Center, Berks County Services Center, Greater Reading Chamber Alliance, Doubletree by Hilton Hotel, and Alvernia University College Towne Campus. Multiple public parking garages are conveniently located just a block away, ensuring easy access for employees and clients. The building's central location also places it within easy reach of a wide array of restaurants and local businesses, enhancing the overall convenience and appeal of this exceptional property. This is a rare opportunity to secure a significant presence in a thriving downtown area. The building's Class A designation reflects its high-quality construction and modern features, making it an attractive option for businesses seeking a prestigious address. The available space offers flexibility for various business needs and configurations. Don't miss this chance to establish your business in a dynamic and well-connected location.

    Property Features for 601 Penn St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    148,000 SF
    Class
    A

    Building Details

    Year Built
    1976

    Unit(s) available at that property

    Space
    Suite 1
    Size
    10,000 SF

    HighLights

    • Class A, 148,000 square foot office/retail building in Berks County.
    • 10,000 square feet of vacant space available for lease.
    • Located in Downtown Reading, PA, near major amenities and attractions.
    • Multiple suites available.
    • Built in 1976.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nickoy Book store Book Store Santander Bank ATM Atm Fran Kelly Insurance Insurance Agency Santander Bank Branch Bank American Coffee House ... American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9254073
    Latitude
    40.3355183

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    FAQs

    What type of property is this?
    Individual retail property - Class A Office Space, 10,000 SF Available
    Where is this individual retail property located?
    The property is located at 601 Penn St Reading, PA.
    What are key features of this property?
    This property features: Class A, 148,000 square foot office/retail building in Berks County.; 10,000 square feet of vacant space available for lease.; Located in Downtown Reading, PA, near major amenities and attractions.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Penn St Reading, PA 19601
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