REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ram Bala

ram.bala@kw.com +1(703) 403-5338

$ 2,200,000

Est. payment -/mo

Save

Price Dropped by $200K

505 PENN ST Reading, PA 19601

35,000 SqFt

UPDATED:

10/14/2024 08:34 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 35,000 sqft

Price per Sqft $62

MLS Listing ID PABK2044226

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $6,861

Tax Year 2024

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 0.00 x 0.00

Property Description

**For Sale: Historic Landmark Office Building – 505 Penn St, Reading, PA**

Introducing **505 Penn St**, known as the **Stichter Hardware Building**, a landmark in the heart of Reading's downtown area. Rebuilt in **1909**, this beautiful and historic office building is now available for sale, offering a unique opportunity to own a piece of local history.

Conveniently located in the center of Reading's growing business district, this property is just steps away from numerous downtown attractions, including the **Santander Arena**, **Performing Arts Center**, **Berks County Services Center**, **Greater Reading Chamber Alliance**, and the **Doubletree Hotel**. Additionally, the **Alvernia University College Towne Campus** is nearby, enhancing the area’s vibrancy and accessibility.

The building offers several public parking garages and surface lots in close proximity, and it includes its own surface lot parking spaces as well as a large attached garage, providing ample parking for tenants and visitors. Currently, the property is **nearly 85% occupied**, making it an excellent opportunity for either an owner-occupant looking to establish their business in a historic setting or an investor aiming to expand their portfolio.

This is your chance to be part of the revitalization of Reading's downtown. For additional information and to schedule a tour, **call us today!** Don’t miss out on this exceptional opportunity to own a piece of Reading's history!

Location

State PA

County Berks

Area Reading City (10201)

Zoning CC, COMMERCIAL CORE

Interior

Hot Water Electric, Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Tile/Brick, Carpet

Inclusions Gross lease to include all utilities.

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 8.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Water Available

Waterfront N

Water Access N

View City, Street

Roof Type Rubber

Street Surface Black Top

Accessibility Elevator, 36\"+ wide Halls, 32\"+ wide Doors

Road Frontage City/County

Parking Type Public Garage, Parking Lot, Private Garage, Driveway

Total Parking Spaces 8

Garage N

Building

Lot Description Level, Premium, Zero Lot Line, Other

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Reading

School District Reading

Others

Tax ID 07-5307-83-70-9470

Ownership Fee Simple

SqFt Source Estimated

Security Features Fire Detection System,Main Entrance Lock,Carbon Monoxide Detector(s),Smoke Detector,Security System

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Listed by Sean H Moretti • Destination Realty LLC

Ram Bala

Agent | License ID: 0225064126

+1(703) 403-5338

GET MORE INFORMATION

QUICK SEARCH

There are 29 quick searches

Ram Bala

Ram Bala

505 PENN ST Reading, PA 19601

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

505 PENN ST