506 N 12Th St Reading, PA 19604
Property profile & analytics
506 N 12Th St, Reading, PA 19604
- Warehouses
- 37,600 SF
- 0.24 lot acres
Property ID
US73-5351159
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 506 N 12Th St
- Year built
- 1920
- Lot size
- 0.24 lot acres
- Property type
- Warehouses
- APN
- 5317-62-13-5169
- APU
- 531762135169
Description
This 35,000 square foot, four-story building at 506 N 12th St, Reading, PA, presents a unique redevelopment opportunity. Originally constructed in 1920 with renovations in 1939, this Class C property offers significant potential for conversion into multifamily housing or commercial space. Currently vacant, the building features 29 units across its four stories, with 30,000 square feet of net rentable space. The property sits on a 10,454 square foot lot and includes 12 parking spaces located in the basement. Its central Reading location offers easy access to major transportation routes, including US Route 422 and Route 12, placing it within reach of Philadelphia and Allentown. Reading's economic growth and revitalization efforts create high demand for both residential and commercial spaces, making this a prime investment. The building's mixed construction, combining brick, wooden beams, steel, and concrete, blends historical charm with modern structural stability. High ceilings and large open spaces are ideal for various uses. Proposed redevelopment plans are available. The asking price is $795,000, or $27,413.79 per unit, and $22.71 per square foot. The permitted zoning is R3. This property is zoned for residential use and offers city-wide views from the upper floors. This is a rare chance to acquire a substantial property in a thriving urban area.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9143
- Latitude
- 40.3433
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,493
$30,000
$139,700
$169,700
-
$30,000
$139,700
$169,700
