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526 Penn Street, Reading, PA 19602

$349,000 Sale Pending

  • For Sale
  • Pending
  • Commercial
526 Penn Street, Reading, PA 19602View this property at 526 Penn Street, Reading, PA 19602
526 Penn StreetReadingPA19602

Property Description

The Heart of Reading has a great history of shopping, retail, and service businesses all along Penn Street. This property, located at 526 Penn Street, has had a big role in that history, as Kresges Department store and bargain basement. Although currently occupied by long term tenants, a Vision Center, and a Medical practice, there remains an opportunity to develop the lower level, the rear of the property, and about 1800 sf of the second floor. Reading's downtown is undergoing a revitalization, be a part of it and bring your business here!

Full Property Detailsfor 526 Penn Street

General

  • Price: $349,000
  • Taxes: $7,128 (2018)
  • Status: Pending
  • Type: Commercial
  • MLS ID: 1000447951
  • Updated: 4/18/2018
  • Added: 1, 022 day(s) ago

Property History

  • 526 Penn Street, Reading, PA
  • Listed at $349,000 on 7/3/15

Business

  • Business Type: Commercial, Professional/Office, Retail, Investment, M
  • Includes: Land Only

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Parking

  • Parking Features: Public

Location

  • Area: Reading City (10201)
  • County: Berks
  • Development Name: None Available
  • Subdivision: None Available
  • Cross Streets: 5Th
  • Driving Directions: Located mid block of Penn St between 5th and 6th on the South side.
  • Direction Faces: North
  • Location Details: Downtown

Heating & Cooling

  • Water Heater: Electric

Structural Information

  • # Buildings: 1
  • Construction: Mixed Plumbing
  • Roof: Flat, Rubber
  • Square Feet: 10,000
  • Sq. Ft. Source: Seller
  • Finished Above Grnd: 10,000 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated

Additional Structures

  • Other Structures: Above Grade

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276
  • Lot Dimensions: IRREGULAR
  • Topography: Level
  • Zoning: CC

Financial Considerations

  • Price Per Sq. Ft.: $34.9
  • Tax w/Assessment: $164,700
  • Tax Amount: $7,128
  • Tax Year: 2018

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot: 1061

Listed by Destination Realty LLC, Sean H Moretti

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Schools

Schoolsserving 526 Penn Street

School District:Reading School District
School Name
Grades
Distance
Tyson-Schoener Elementary School
315 S 5th St, Reading, PA 19602
PK-5
0.3 mi
Southwest Middle School
300 Chestnut St, Reading, PA 19602
6-7
0.3 mi
Reading Intermediate High School
215 North 12th Street, Reading, PA 19604
8-9
0.8 mi
Reading Senior High School
801 N 13th St, Reading, PA 19604
10-12
1.3 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 526 Penn Street

Listed by Destination Realty LLC, Sean H Moretti

526 Penn Street, Reading, PA 19602 (MLS# 1000447951) is a Commercial property. 526 Penn Street is currently listed for $349,000 and was received on July 03, 2015. Want to learn more about 526 Penn Street? Do you have questions about finding other Commercial real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.