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$235,000

  • Sold
  • Closed
  • Business
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SEE CRIZ. Calling all owner-occupants, savvy investors and prospectors. Here's your next Downtown Jazz Fest Destination. Don't look past this three-story, commercial venue in Berks County's Historic Penns Commons. Opportunity knocks. Turn your own key. Start your Bed and Breakfast . Operate your own Air Bnb. Full bar in lower level. Brew your own coffee. Craft your own signature beverages. Say Cigar Lounge. Includes rear lots for parking and deliveries. Newer mechanicals. Signage. Share the strip with The Reading Area Community College, The Miller Center for the Arts, Alvernia's John R. Post Center at Collegetowne, The Santander Arena and The Doubletree Hotel. High traffic count and high visibility. Favors foot traffic as well. This space most recently served as a restaurant but can easily accommodate multiple offices, a convenience store, multi-service, barber shop or nail/hair salon, prep kitchen, event staging or bakery. Great for the new entrepreneur who wants to manage growth or the astute business individual wanting to control costs. Opportunity knocks. https://www.readingpa.gov/press-releases/1562-city-of-reading-holds-first-criz-hearing-a-bold-initiative-to-drive-economic-vitality-and-neighborhood-revitalization

Full Property Details for 1034 Penn St

General

  • Sold For: $235,000
  • Taxes: $4,440 (2024)
  • Status: Closed
  • Type: Business
  • Source: BrightMLSPhilly
  • MLS ID: PABK2033236
  • Added to Site: 931 day(s) ago

Business

  • Business Type: Restaurant/Bar

Additional Information

  • Security/Safety: Surveillance Sys

Parking

  • Total Spaces: 15
  • Parking Features: Private
  • Parking Type: On Street, Parking Lot

Location

  • Area: Reading City (10201)
  • Municipality: READING CITY
  • County: Berks
  • Driving Directions: SOUTH ON NORTH 10TH ST. LEFT ONTO PENN ST. PROPERTY ON RIGHT.
  • Location Details: Downtown
  • Historic District: Yes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Water Heater: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Electric Available, Natural Gas Available

Structural Information

  • Construction: Stone, Concrete, Brick
  • Stories/Levels: 0
  • Year Built: 1900
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

Lot Features

  • Property View: Street
  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Lot Size Source: Assessor
  • Lot Dimensions: 0.00 x 0.00
  • Fence: Yes
  • Lot Features: Additional Lot(s), Level, Rear Yard
  • Zoning: COMMERCIAL
  • Lot Description: Additional Lot(s), Level, Rear Yard

Financial Considerations

  • Price Per Sq. Ft.: $39.17
  • Assessment Year: 2024
  • School Tax: $1,793
  • City/TownTax: $1,813
  • City/TownTax Freq: Annually
  • County Tax: $835
  • County Tax Freq: Annually
  • Tax w/Assessment: $100,000
  • Tax Amount: $4,440
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: SELLER'S PERSONAL PROPERTY
  • Inclusions: COMMERCIAL KITCHEN EQUIPMENT AND FURNITURE
  • Lot Number: 9007

Listed by United Real Estate Strive 212, Rick Alleyne
Sold by United Real Estate Strive 212, Renso Minaya and United Real Estate Strive 212, YIRA HEREDIA HEREDIA

Listing agent

— 1034 Penn St —

  • Rick Alleyne

    United Real Estate Strive 212

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1034 Penn St

School District:Reading School District
NameGradesDistance
Southern Middle School, Reading, PA
931 Chestnut Street, Reading, PA 19602
5-80.2 mi
Amanda E Stout Elementary School
321 South 10th Street, Reading, PA 19602
PK-40.3 mi
Reading Senior High School
801 North 13th Street, Reading, PA 19604
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1034 Penn St

Date
Details
Price
Change
Source
1/02/2025
Sold
$235,000
—
MLS
7/29/2024
Price Reduced
$235,000
-7.84%
MLS
5/01/2024
Price Reduced
$255,000
-3.77%
MLS
11/20/2023
Price Reduced
$265,000
-1.12%
MLS
9/28/2023
Price Reduced
$268,000
-10.67%
MLS
8/05/2023
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by United Real Estate Strive 212, Rick Alleyne
Sold by United Real Estate Strive 212, Renso Minaya and United Real Estate Strive 212, YIRA HEREDIA HEREDIA

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1034 Penn Street, Reading, PA 19602 (MLS# PABK2033236) is a Business property that was sold at $235,000 on January 02, 2025. Want to learn more about 1034 Penn Street? Do you have questions about finding other Business real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.