PA > Reading
Reading, PA 19601,851 PENN ST
Reading, PA 19601,851 PENN ST
Reading, PA 19601,851 PENN ST
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$1,100,000
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2,178 SqFt
Price Dropped by $160K

851 PENN ST Reading, PA 19601

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Candis Goines

Candis Goines

+1(223) 257-9661

UPDATED:

12/06/2024 05:41 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,178 sqft

Price per Sqft $505

MLS Listing ID PABK2051000

Originating Board BRIGHT

Year Built 1912

Annual Tax Amount $2,775

Tax Year 2024

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 0.00 x 0.00

Property Description

Welcome to 851 Penn Street, a prime investment opportunity in the heart of Reading, PA! This highly profitable, mixed-use property features two units: one residential apartment and one successful commercial space, currently operating as a restaurant and bar. Located just one block from the Santander Arena, this building offers plentiful foot traffic, making it an attractive location for both residents and businesses. The residential unit is a three bedroom one bath, cozy apartment. The ground floor features an Italian restaurant. Included with this sale is the Italian Garden, Six Pack Outlet with Liquor License, DJ equipment and pool table. The building located at 853 Penn Street, for the Italian Garden Six Pack Outlet is not included in this sale. Lease amount for 853 Penn Street is negotiable with all serious offers.
This property is an excellent investment opportunity with multiple streams of income.
Don’t miss out on this opportunity! Contact us today to schedule a private showing.

Location

State PA

County Berks

Area Reading City (10201)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C, Ductless/Mini-Split

Inclusions All equipment

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits, 32\"+ wide Doors

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 08-5307-84-90-9310

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Christopher R Smith • Daryl Tillman Realty Group

Learn More About LPT Realty

agent

Candis Goines

Agent | License ID: RSR005768

+1(223) 257-9661

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851 PENN ST