$2,200,000
( $62.86Per Sq Foot )
 $11,810 est/mo Sourced by Back At You

505 Penn St , Reading, PA 19601

Reading, PA 19601

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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!

Details

MLS#PABK2044226
Listing TypeFor Sale
Building NameSTICHTER BUILDING
Sub-TypeResale
StatusActive
Year1900
Days On Site158
Listing Provided ByDestination Realty LLC | Sean H Moretti

Features

SQ Feet35,000
ZoningCC, COMMERCIAL CORE
Acreage0.24
Property ViewYes

Market Activity 19601

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Learn More About This Property

StatePA
CountyBerks
CityReading
Zip Code19601
AreaReading City
School DistrictReading
Listing VS Median (in 19601)
Price:
$2,200,000
low | high
Med:
$250,000
100% of Average
SqFt:
35,000
low | high
Med:
1,700
100% of Average
$ / SqFt:
$63
low | high
Med:
$147
83.957219251337% of Average
On Site:
158
low | high
Med:
9.000000
100% of Average
Sourced by Back At You
Listing Updated: October 14, 2024 at 4:40:37 PM PDT