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$360,000
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Property Description
Property needs some work, but great opportunity for investors looking for both residential and commercial use. It is a very large property that consists of two parcels, 324 and 326 N 5th St. The first floor is set up across both parcels as office space (estimated at 2490sqft). Upstairs above each the office spaces are large residential units. The back of the property opens up to Madison Ave and includes a detached garage, and 10 paved parking spaces that are numbered! Any exterior renovations would require Historic approval. ***This property is located in the C-R Commercial Residential Zoning District and the Callowhill Historic District and is one property as 324 N 5th St. It is zoned for 2 dwelling units and 1 commercial (office).
Full Property Details
Full Property Details for 324-326 N 5th St
General
- Sold For: $360,000
- Taxes: $5,036 (2023)
- Status: Closed
- Type: Retail
- Source: BrightMLSPhilly
- MLS ID: PABK2038208
- Added to Site: 907 day(s) ago
Business
- Business Type: Medical, Professional, Other, Other/General Retail
Interior
- Flooring: Hardwood, Carpet, Laminated, Vinyl
Parking
- Total Spaces: 10
- Parking Features: Paved Parking, Private, Security/Monitored
- Parking Type: Parking Lot, On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Cross Streets: Elm St and Buttonwood St
- Driving Directions: Continue on Penn St. Take N 3rd St and Walnut St to N 5th St in Reading. Put property address into GPS as well.
- Location Details: Downtown
- Historic District: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Natural Gas
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Concrete
- Stories/Levels: 3
- Year Built: 1930
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: City, Street
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: C-R
Financial Considerations
- Price Per Sq. Ft.: $44.54
- Assessment Year: 2023
- School Tax: $2,066
- City/TownTax: $2,088
- City/TownTax Freq: Annually
- County Tax: $882
- County Tax Freq: Annually
- Tax w/Assessment: $115,200
- Tax Amount: $5,036
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Personal Property, Owner tools and equipment on property.
- Lot Number: 7201
Listed by KW Empower, Shawn M Krause
Sold by NextHome Alliance, Ana Betancur
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Price & Sales History for 324-326 N 5th St
Date
Details
Price
Change
Source
3/29/2024
Sold
$360,000
-7.22%
MLS
2/14/2024
Price Reduced
$388,000
-11.8%
MLS
12/29/2023
Listed
$439,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
324-326 N 5th Street, Reading, PA 19601 (MLS# PABK2038208) is a Retail property that was sold at $360,000 on March 29, 2024. Want to learn more about 324-326 N 5th Street? Do you have questions about finding other Retail real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

