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MLS# PABK2068316

Status: ACTIVE
417 WALNUT ST
READING, PA 19601
$349900.00

Commercial Sale
Year Built: 1920
Sq Ft: 12151.00
Building Area: 12151.00
Acres: 0.12
Contact:
Jorge Diaz, Jr.
Light House Realtors, LLC
Phone:   4842730056
Photos
Map
Positioned in the heart of Downtown Reading, this rare multi-building opportunity offers investors the potential to develop 12–14 apartment units in a rapidly evolving corridor. Previously utilized as a Drug Addiction Parole & Probation Treatment facility, the property features substantial square footage and a layout conducive to multifamily conversion. Ideal for developers seeking a high-upside repositioning project in a growing rental market. With strong rental demand in the area and continued downtown revitalization, this asset presents a strategic opportunity for long-term cash flow and appreciation. Bring your vision and unlock the full potential of this prime investment.

Additional Features

School District Name: READING
Directions: Madison and Walnut
MLS Area: Reading City (10201)
Tax ID Number: 07-5307-75-71-5435
Zoning: R3
Ownership Interest: Fee Simple
Hot Water: Electric
Heating Type: Steam
Construction Materials: Brick Front
Cooling Type: None
Sewer Septic: Public Sewer
Water Source: Public
Listing Entry Date: February 17, 2026
Tax Annual Amount: 8712.00
Tax Assessed Value: 193300.00
Tax Year: 2025
Price Per SQFT: 28.80