This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/46
503 Penn Street, Reading, PA 19601
$595,000 Sale Pending
503 Penn Street, Reading, PA 19601View this property at 503 Penn Street, Reading, PA 19601
503 Penn StreetReadingPA19601
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/46
Property Description
503 Penn St - This historic building was completely renovated in 2016 and includes all the modern amenities you'd expect in new construction. Add to that the interesting historical aspects including exposed brick walls, huge windows overlooking Penn Square and an open pub / entertainment venue on the first and second floors. Perfect for an owner occupant or investor, the utilities are separated and each floor has and pays for it's own system! The first and second floors are set up as a walk in bar space with doors that open to the sidewalk, and a balcony on the second floor overlooking the entrance area. The third floor is occupied by Berks Arts, a community Council formed in 1969, and focuses on promoting the arts in the Greater Reading and Berks County. Creating and supporting visual and performing arts events. The fourth floor is open and available for an owner or another tenant. The building is served by a modern elevator that stops an all 5 levels. (basement, through the 4th floor). Fully sprinklered and monitored this is truly a safe and desirable property. Call today to schedule your walk through.
Full Property Details
Full Property Details for 503 Penn St
General
- Price: $595,000
- Taxes: $11,760 (2022)
- Status: Pending
- Type: Retail
- MLS ID: PABK2041036
- Updated: 4/13/2024
- Added to Site: 32 day(s) ago
Business
- Business Type: Other/General Retail, Professional, Restaurant/Bar
Interior
- Flooring: Wood
Rooms
Bathrooms
- Restrooms: 8
Parking
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Cross Streets: 5Th St
- Driving Directions: from downtown Reading, the property is next to the North East corner. parking along the 500 block of Penn St.
- Location Details: Downtown
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Heating Type: 90% Forced Air
- Heating Fuel: Electric
- Water Heater: Natural Gas, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water Available, Sewer Available, Natural Gas Available, Electric Available, Cable TV Available, Under Ground
Structural Information
- Construction: Brick, Stucco, CPVC/PVC, Galvanized Plumbing, Copper Plumbing, Lead Plumbing, Mixed Plumbing
- Foundation: Stone
- Roof: Rubber
- Ceiling Height: 10' to 12', 12' to 15'
- Entry Floor Number: 1
- Elevator(s ): 1
- Stories/Levels: 4
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: City, Street
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,613
- Lot Size Source: Assessor
- Lot Dimensions: 28*100
- Lot Features: Road Frontage, Level, Zero Lot Line
- Zoning: C-C
- Lot Description: Road Frontage, Level, Zero Lot Line
Financial Considerations
- Price Per Sq. Ft.: $49.58
- Assessment Year: 2023
- School Tax: $4,823
- City/TownTax: $4,877
- City/TownTax Freq: Annually
- County Tax: $2,060
- County Tax Freq: Annually
- Tax w/Assessment: $269,000
- Tax Amount: $11,760
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 9337
Listed by Destination Realty LLC, Sean H Moretti
Get Pre-Approved Today
Schools
Schools serving 503 Penn St
School District:Reading School District
Rating | Name | Grades | Distance |
---|---|---|---|
251 N 2nd St, Reading, PA 19601 | K-5 | 0.4 mi | |
Southwest Middle School
300 Chestnut St, Reading, PA 19602 | 6-7 | 0.3 mi | |
801 N 13th St, Reading, PA 19604 | 10-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 Penn St
Date
Details
Price
Change
Source
3/26/2024
Listed
$595,000
138%
MLS
2/26/2016
Sold
$250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 503 Penn St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,760
—
$269,000
—
2022
$11,760
—
$269,000
—
2021
$11,760
114%
$269,000
112%
2020
$5,483
—
$126,700
—
2019
$5,483
—
$126,700
—
2018
$5,483
1%
$126,700
—
2017
$5,447
1%
$126,700
—
2016
$5,381
5%
$126,700
—
2015
$5,128
1%
$126,700
—
2014
$5,066
—
$126,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 Penn St
503 Penn Street, Reading, PA 19601 (MLS# PABK2041036) is a Retail property. 503 Penn Street is currently listed for $595,000 and was received on March 26, 2024. Want to learn more about 503 Penn 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.