506 12th St Reading, PA 19604

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.