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- $790k Price
- 10,200 Sqft
- .07 Acres
- 393 DOM
501 Penn St
Built in the late 1700's, this Historic Building is located at the Center of Reading's Business District. Great visibility, excellent location. The mostly occupied, diverse tenant mix includes 8 units: five retail at street level, three on the upper floors operating as office and service providers. Utilities are separated and each unit has their own HVAC , gas and electric meters. Owner expenses are very manageable. Buy today, collect rent tomorrow! The second and third floors are serviced by an elevator, allowing access to everyone. Regarding residential conversion: the commercial core zoning of this building requires commercial use on the ground level, but allows for residential use on the upper floors (with parking accommodations.) See the attached CC Zoning doc as well as floor plans. Easy to show with preferred 36 hours notice, come on out!
Essential Information
- MLS® #PABK2026384
- Price$790,000
- Bathrooms0.00
- Square Footage10,200
- Acres0.07
- Year Built1793
- TypeCommercial Sale
- Sub-TypeFive Or More Units
- StatusPending
Community Information
- Address501 Penn St
- AreaReading City (10201)
- CityREADING
- CountyBERKS-PA
- StatePA
- MunicipalityREADING CITY
- Zip Code19601
Amenities
- ParkingPublPark, Unassigned
- ViewCity, Street
Utilities
Sewer Available, Water Available
Interior
- HeatingHeat Pump - Gas BackUp
- CoolingNone
- # of Stories3
Exterior
- ExteriorBrick and Siding
- RoofFlat
- FoundationBlock, Stone
Lot Description
Level, Road Frontage, Zero Lot Line
School Information
- DistrictREADING
- HighREADING SENIOR
Additional Information
- Date ListedFebruary 18th, 2023
- Days on Market393
- ZoningCC
Listing Details
- OfficeDestination Realty LLC
- Office Contact6107433310
Price Change History for 501 Penn St, READING, PA (MLS® #PABK2026384)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending | – | – | |
| Active Under Contract | – | – | |
| Active | – | – | |
| Price Reduced | $790,000 | $5,000 (0.63%) | |
| Pending | – | – | |
| Show More (6) | |||
| Price Reduced | $795,000 | $43,000 (5.13%) | |
| Price Reduced | $838,000 | $10,000 (1.18%) | |
| Price Reduced | $848,000 | $20,000 (2.30%) | |
| Price Reduced | $868,000 | $11,000 (1.25%) | |
| Price Reduced (from $898,000) | $879,000 | $19,000 (2.12%) | |
| Active (from Coming Soon) | – | – | |
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Listing information last updated on January 20th, 2025 at 6:45pm CST.