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
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
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
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