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501 Penn St
Reading, PA 19601

$798,000 USD

Office For Sale • 10,200 SF

Property Details

Property Type Office
Total Building Size 10,200 SF
Lot Size 0.08 AC
Building Class B
Year Built 1793
Cap Rate 8.97 %
Tenancy Multiple
Zoning CC

0 Transit Score

91 Walk Score

                
                    Highlights
                
                                mostly leased - multi tenant property (2800 sf 2nd floor offices available for lease)
                            
                                prime location at the center of Reading
                            
                                Lots of nearby parking, three large covered lots within 3 blocks
                            
                                5 retail spaces along 5th St
                            
                                Tenants pay their own utilities, each with it's own heating system, electric and gas meters

Property Flyers

501 Penn St, mls flyer - client view

CC zoning detail, permitted uses

Financial Summary (Proforma)

Net Operating Income: $91,750 USD (2024)

Cap Rate:	8.97 %
Total Expenses:	$26,114 USD

Amenities

Controlled Access
Kitchen
Central Heating
High Ceilings
Natural Light
Air Conditioning

Sean Moretti 484-769-3209 Destination Realty

501 Penn St Reading, PA 19601