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Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 70,541 SF
- Lot area
- 0.54 ac
- Year built
- 1976
- Stories
- 9
- APN
- 5307-83-80-5330
- Assessed value · 2024
- $3,181,900
- Annual tax · 2024
- $84,238
- Retail Stores · current use
- Commercial (general)
- Office Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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