Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$988,000 Just Listed

  • For Sale
  • Active
  • Commercial Service
See This Home
Save This Home
See This Home
Save This Home
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 for 503 Penn St

General

  • Price: $988,000
  • Taxes: $12,124 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: BrightMLSPhilly
  • MLS ID: PABK2067328
  • Updated: 1/27/2026
  • Added to Site: 6 day(s) ago

Business

  • Business Type: Restaurant/Bar

Interior

  • Flooring: Wood

Rooms

Bathrooms

  • Restrooms: 8

Additional Information

  • Security/Safety: Fire Detection System, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor

Parking

  • Parking Type: On Street

Location

  • Area: Reading City (10201)
  • Municipality: READING CITY
  • County: BERKS
  • Subdivision: READING
  • 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

School Information

  • High School: Reading Senior

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, Copper Plumbing, Mixed Plumbing
  • Foundation: Stone
  • Roof: Rubber
  • Ceiling Height: 12' to 15', 10' to 12'
  • Doors: Insulated
  • Entry Floor Number: 1
  • Elevator(s ): 1
  • Stories/Levels: 4
  • Building Size: 12000
  • Year Built: 1900
  • Year Built Source: Estimated
  • Property Condition: Excellent

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Property View: City, Street
  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,613
  • Lot Size Source: Estimated
  • Lot Dimensions: 28*100
  • Topography: City street level, downtown
  • Zoning: C-C
  • Lot Description: Road Frontage, Level, Zero Lot Line

Financial Considerations

  • Price Per Sq. Ft.: $82.33
  • Assessment Year: 2025
  • School Tax: $4,823
  • City/TownTax: $4,877
  • City/TownTax Freq: Annually
  • County Tax: $2,424
  • County Tax Freq: Annually
  • Tax w/Assessment: $269,000
  • Tax Amount: $12,124
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes
  • Lot Number: 9337

Listed by Destination Realty LLC, Sean H Moretti

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 503 Penn St —

  • Sean H Moretti

    Destination Realty LLC

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 503 Penn St

School District:Reading School District
NameGradesDistance
Southwest Ms
300 Chestnut Street, Reading, PA 19602
5-80.3 mi
Lauers Park El School
251 North 2nd Street, Reading, PA 19601
PK-40.4 mi
Reading Senior High School
801 North 13th Street, Reading, PA 19604
9-121.2 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 503 Penn St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/27/2026
Listed
$988,000
64.67%
MLS
7/03/2024
Sold
$600,000
—
Public Record
Get Price Alerts and Save Property
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 for 503 Penn St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,301
3%
$269,000
—
2024
$7,122
-39%
$269,000
—
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
—
View All
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 for 503 Penn St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Destination Realty LLC, Sean H Moretti

Just Listed near 503 Penn St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

218 2nd, West Reading, PA 19611 - Photo 1 Just Listed
$80,000

218 2nd  West Reading, PA 19611

  • Commercial
  • Active
Listed by Bold Realty, Daniel Minotto
14 Laird St, West Lawn, PA 19609 - Photo 1 Just Listed
$295,000

14 Laird St  West Lawn, PA 19609

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,274
    Sq. Ft.
Listed by EXP Realty, LLC, Wander E Batista
153 E Wyomissing Ave, Mohnton, PA 19540 - Photo 1 Just Listed
$150,000

153 E Wyomissing Ave  Mohnton, PA 19540

  • Single Family
  • Active
  • Updated 14 hours ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,160
    Sq. Ft.
Listed by Manor West Realty, DAVID STOLTZFUS
92 Christine Dr, Exeter Township, PA 19606 - Photo 1 Just Listed
$209,900

92 Christine Dr  Exeter Township, PA 19606

  • Apartment
  • Active
  • Updated 4 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,317
    Sq. Ft.
Listed by Real of Pennsylvania

Price Reduced near 503 Penn St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

529 Chestnut St, West Reading, PA 19611 - Photo 1 Price Reduced
-$36,000 (-10.75%)
$299,000

529 Chestnut St  West Reading, PA 19611

  • Townhouse
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 4,674
    Sq. Ft.
Listed by Keller Williams Platinum Realty - Wyomissing, Anna Knauer
1617 Meadowlark, Wyomissing, PA 19610 - Photo 1 Price Reduced
-$150,000 (-12%)
$1,100,000

1617 Meadowlark  Wyomissing, PA 19610

  • Single Family
  • Active
  • Updated 2 days ago
  • 5
    Beds
  • 5
    Total Baths
  • 8,177
    Sq. Ft.
Listed by Eva Eisenbrown (610) 334-3496
3964 Penn Ave, Sinking Spring, PA 19608 - Photo 1 Price Reduced
-$5,000 (-2.13%)
$229,900

3964 Penn Ave  Sinking Spring, PA 19608

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,183
    Sq. Ft.
Listed by Century 21 Gold, Anthony Borelli
26 E Mohn St, Mohnton, PA 19540 - Photo 1 Price Reduced
-$5,100 (-2.17%)
$229,900

26 E Mohn St  Mohnton, PA 19540

  • Single Family
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,061
    Sq. Ft.
Listed by Keller Williams Platinum Realty - Wyomissing, Linda Dearce

503 Penn Street, Reading, PA 19601 (MLS# PABK2067328) is a Commercial Service property. 503 Penn Street is currently listed for $988,000 and was received on January 27, 2026. Want to learn more about 503 Penn Street? Do you have questions about finding other Commercial Service real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

Tour this property