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702 N 8th St, Reading, PA 19604

$500,000

  • Sold
  • Closed
  • Commercial
702 N 8th St, Reading, PA 19604 View this property at 702 N 8th St, Reading, PA 19604
702 N 8th St Reading PA 19604

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Property Description

REDEVELOPMENT OPPORTUNITY in Northeast Reading. Former Reading Outlet Center Building #10 at high-profile intersection of 8th and Oley Streets. Building has new rubber roof and roof deck ($250,000) and has been completely cleaned out making it ready for a new use! More importantly, the building is a KEYSTONE OPPORTUNITY ZONE, making it tax exempt through 2020. Plus, some additional taxes are waived through 2020 for certain businesses and items used on the property. Building has all exposed heavy timber construction and maple flooring, except for lower level which is concrete flooring. Two central courtyards, one with a drive-in access from Nicolls street. This building qualifies for New Market Tax Credits and Historic Tax Credits.

Full Property Details for 702 N 8th St

  • Sold For: $500,000
  • Taxes: $200 (2013)
  • Status: Closed
  • Type: Commercial
  • MLS ID: 5779305
  • Added: 2, 636 day(s) ago

Interior

  • Flooring: 6.0

Location

  • Area: Reading City
  • County: BERKS

Structural Information

  • Roof: Pitched Roof, Rubber
  • Square Feet: 120,000
  • Current Bldg. Use: 3341
  • Year Built: 1904

Lot Features

  • Lot Size (Acres): 0.93
  • Lot Dimensions: IRREG
  • Frontage: State
  • Zoning: C-N

Financial Considerations

  • Tax Amount: $200
  • Tax Year: 2013

Listed and Sold by Shuman Development Group

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702 N 8th St, Reading, PA 19604 (MLS# 5779305) is a Commercial property that was sold at $500,000 on December 30, 2013. Want to learn more about 702 N 8th St? 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.

Listed and Sold by Shuman Development Group