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MLS# PABK2068944

Status: ACTIVE
525 PENN ST
READING, PA 19601
$1175000.00

Commercial Sale
Year Built: 1880
Sq Ft: 14837.00
Building Area: 14837.00
Acres: 0.10
Contact:
Jason Miller
Coldwell Banker Realty
Phone:   6103739900
Photos
Map
525 Penn Street in Reading City is located on the heaviest traveled block within the city. This building is situated one block off of the Berks County Court house and Santander Arena. Most outside public events throughout the year are held on the 500 block. 525 Penn St. building has a total of 6 units, 4 units are leased, generating incoming with a cap rate over 8%. The building itself is located in the Commercial-Core, historic district of Reading. The roof has been replaced in the past two years, and each unit has its own central air/heat system, for easy utility billing. Downtown Penn St. has recently added Alvernia University to the 400 block, and a new state of the art hospital is scheduled to be coming to the American House on the corner of the 300 block. In the past few weeks, several sections of the 400 block have been purchased and the improvement and revitalization of Penn St has accelerated. The benefits of 525 Penn St. is that the property is turnkey and incoming generating, leaving no delay for a build out or renovation process. This property is ahead of the rest and is located among the best. All documents available to show you the analytics of success this building has to offer.

Additional Features

Property Condition: Very Good
School District Name: READING
Directions: crossing Penn St bridge, go straight through 3 traffic lights and building is in the middle on the left of 500 block of Penn St.
MLS Area: Reading City (10201)
Tax ID Number: 07-5307-83-80-1316
Zoning: C-C COMMERCIAL CORE
Ownership Interest: Fee Simple
Hot Water: Electric
Roof: Flat,Rubber
Parking Features: Paved Parking,Public
Heating Type: Central
Foundation Details: Stone,Concrete Perimeter
Flooring Type: Ceramic Tile,Hardwood,Laminated,Luxury Vinyl Plank,Carpet,Wood
Construction Materials: Brick,Cement Siding,Stone,Wood Siding
Cooling Type: Central A/C
Traffic Count: Greater than 30000
Sewer Septic: Public Sewer
Utilities: Electric Available,Cable TV Available,Phone Available,Sewer Available,Water Available
Water Source: Public
Listing Entry Date: March 4, 2026
Tax Annual Amount: 0.00
Tax Assessed Value: 0.00
Tax Year: 2025
Price Per SQFT: 79.19