408 Penn St
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408 Penn St
32,152 SF Retail Building Reading, PA 19602 $750,000 ($23/SF)
Investment Highlights
- 57,729 Total Households within a 10 minute drive time
- ±10,000 SF of 1st floor space available for lease with a potential to develop 2nd & 3rd floors for office space or apartments
- Located across from Alvernia University Campus
Executive Summary
This property is less than a block from Penn Square and is walkable to all of downtown and the surrounding neighborhoods.
All reasonable offers will be considered. Commercial space available for lease
All reasonable offers will be considered. Commercial space available for lease
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
32,152 SF
Building Class
C
Year Built
1900
Price
$750,000
Price Per SF
$23
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.08
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
C-C - Commercial Core
Frontage
45 FT on Penn Street
Amenities
- Bus Line
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 10,722 SF
- Retail
- In-Line
- 30 Days
- 2nd Floor
- 10,715 SF
- Retail
- In-Line
- 30 Days
- 3rd Floor
- 10,715 SF
- Retail
- In-Line
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 10,722 SF | Retail | In-Line | 30 Days |
| 2nd Floor | 10,715 SF | Retail | In-Line | 30 Days |
| 3rd Floor | 10,715 SF | Retail | In-Line | 30 Days |
1st Floor
| Size |
| 10,722 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
2nd Floor
| Size |
| 10,715 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
3rd Floor
| Size |
| 10,715 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
Walk Score ®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04-5307-82-70-4031 | Improvements Assessment | $103,600 |
| Land Assessment | $59,300 | Total Assessment | $162,900 |
PROPERTY TAXES
Parcel Number
04-5307-82-70-4031
Land Assessment
$59,300
Improvements Assessment
$103,600
Total Assessment
$162,900
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J.C. BAR Properties, Inc.
408 Penn St
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