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$425,000 For Sale

408 Penn Street
Reading, PA 19602


35,000 sq ft;
lot: 10454 sq ft lot
Commercial: Retail - MLS# PABK339196
Property Photo
1/5

Description

This Downtown City property located in the heart of the Reading's business district is the Former Josephs clothier and former Rent a center. The first floor alone offers 10, 000 SF with several entry areas which can be divided into separate units or spaces for extra income. There are several floors that could be used for storage or many other uses, bring your ideas and join the growing excitement of Downtown Reading!! There are four entrances to the first floor 2 from Cherry st and 2 on Penn st. The property is located in a Federally designated opportunity Zone. Any Capital Gains moved into an "Opportunity Fund" and subsequently used to buy R.E. in this area will get a 10 year tax deferment, a 15% discount on the capital gain after the 10 years, and any profits made from the investment itself will be tax free! This property is also available for RENT at $3000 per month. Owner financing available!

Features

  • # of Parking Spaces Included: 101+ Car Garage
  • Above Grade Fin SQFT Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
  • Building Total SQFT: 10,454
  • Building Total SQFT Source: Estimated
  • Central Air Y/N: Yes
  • Construction Materials: Brick, Other
  • Cooling Type: Central A/C
  • County/Area: Berks County
  • Heating: Natural Gas
  • Heating Type: Forced Air
  • Heating Y/N: Yes
  • Improvements: Above Grade, Below Grade
  • Land Use Code: 4122
  • Listing Status: Active
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size: 0.2400
  • Lot Size Units: Square Feet
  • Lot SQFT: 10,454
  • Net SQFT: 35,000
  • Ownership Interest: Fee Simple
  • Photo Option: Lister Will Upload All
  • Property Type: Commercial
  • School District: Reading
  • SchoolDistrictSource: Listing Agent
  • Sewer Septic: Public Sewer
  • Sq.Ft.: 35000
  • Sub Type: Retail
  • Tax Annual Amount: 4328.0
  • Tax Year: 2018
  • Total Below Grade SQFT Source: Assessor
  • Total Finished SQFT Source: Assessor
  • Total SQFT Source: Assessor
  • Type Of Parking: On Street
  • Water Source: Public
  • Year Built: 1900
  • Year Built Source: Public Records
  • Zip Code: 19602
  • Zoning: COMMERCIAL

Courtesy of:

711 Spring Street 
Wyomissing, PA 19610

Phone: (610) 898-1441

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