16 N 8th St
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16 N 8th St
3,600 SF Vacant Office Building Reading, PA 19601 $199,900 ($56/SF)
Investment Highlights
- Central downtown Location
- Located next to Doubletree by Hilton Hotel & Santander Arena
- Ability to create multi-unit retail
- Adjacent Parking Garage
- Join the revitalizing Downtown Reading market
- Newly renovated 3rd floor
Executive Summary
This property is set up to be a mixed-use property with commercial on the first floor and 3 bedroom rental on the second and third floors. Additional lot adjacent to the building provides for a nice green space in an urban setting with possibility to add parking. Only steps away from the heart of Downtown Reading. This is a great opportunity for a local small business to occupy the first floor and rent the upstairs for additional income.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1900/2023
Price
$199,900
Price Per SF
$56
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,200 SF
Building FAR
3.00
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
C-C Commercial Core
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 08-5307-84-90-4422 | Improvements Assessment | $21,400 |
| Land Assessment | $5,400 | Total Assessment | $26,800 |
PROPERTY TAXES
Parcel Number
08-5307-84-90-4422
Land Assessment
$5,400
Improvements Assessment
$21,400
Total Assessment
$26,800
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16 N 8th St
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