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Commercial Land for Sale in Reading, Pennsylvania

511 - 515 Penn St, Reading, PA 19601

$3,000,000
0.33 acres
Active
Est $20,866/mo

511 - 515 Penn st Reading Pa 40,000 square foot building in the Central Business District of Reading Pa. Former bank with lots of uses. In the Keystone Opportunity Zone. .33 acres 40,000 square feet of retail /commercial space in the heart of Penn St Reading between 5th & 6th Streets in the heart of the Reading Downtown Improvement District. Formerly Reading Trust stretches from Penn St to Court St with access on both streets. This is in the Penn Square Overlay District with underlying Commercial Core (C-C) district. 3 Story building with large 40 Ft Atrium Ceiling. .33-acre property has a full basement with many vaults. Single or Multiple tenant occupancy. Close to Reading Post Office, Attorney Row, City Hall, County Offices, and The Sovereign Center. New Roof. Multiple elevators, sprinkler system, several parking garages within walking distance. Public transportation on 5th St. Perfect Redevelopment project. Many Grant Opportunities paying for rehab and development with the CRIZ Grant Paying up to 80% of property acquisition and rehab for commercial development and other potential programs. Approximately 30 apartments should be possible with the first floor staying commercial.

Location

Street address
511 - 515 Penn St
School district
Reading
Elevation
256 feet
Coordinates
40.3359, -75.9272

Property details

Lot size
0.33 acres14,375 sq ft
MLS #
TREND PABK2022164
Posted

Property taxes

Recent
$4,682

Details and features

Listing

Unit Count
50

Exterior

Parking
On Street

Structure

Heating
Central
Materials
Masonry, Stone

Listing history

DateEventPriceChangeSource
July 1, 2025Relisted$3,000,000TREND
June 28, 2025Listing removed$3,000,000Listing agent
May 31, 2025New listing$3,000,000TREND
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This 0.33-acre property is located at 511 - 515 Penn St in Reading, PA 19601. The property is available for sale for $3,000,000.

Checked 45 mins ago — Updated

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