www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29404283
29404284

503 Penn St, Reading, PA 19601

SM
PA RM421788
Destination Realty LLC
Listed by Destination Realty LLC
$988,000
148 days on market
Updated 83 days ago
Opportunity zone

503 Penn St

Details
APN 07-5307-83-70-9337
Property Type Retail, Office (+1)
Sub Type Creative Office, Commercial
Square Footage 12,000
Units 3
Occupancy 50%
Tenancy Multi
Lease Type NN+
Remaining Term 5
Price per SqFt $82
Class A
Year Built 1900
Year Renovated 2016
Stories 4
Acreage 0.060
Zoning C-C
Ownership Fee Simple

Historic building in Downtown Reading with >$1M in updated renovations from 2016

Marketing description

503 Penn St. This historic building was completely renovated in 2016 and includes all the modern amenities you'd expect in new construction. Add to that the interesting historical aspects including exposed brick walls, huge windows overlooking Penn Square and an open pub/entertainment venue on the first and second floors. Perfect for an owner occupant or investor, the utilities are separated and each floor has and pays for it's own system! The first and second floors are set up as a walk in bar space with doors that open to the sidewalk, and a balcony on the second floor overlooking the entrance area. The third floor is occupied by Berks Arts, a community Council formed in 1969, and focuses on promoting the arts in the Greater Reading and Berks County. Creating and supporting visual and performing arts events. The fourth floor is open and available for an owner or another tenant. The building is served by a modern elevator that stops an all 5 levels. (basement, through the 4th floor). Fully sprinklered and monitored this is truly a safe and desirable property. Call today to schedule your walk through.

Investment highlights

  • Elevators Count: 1
  • Lot Acres / SQFT: 0.06a / 2613sf / Estimated

Listing Contacts

SM
PA RM421788
Destination Realty LLC
Listed by Destination Realty LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
C-C CommercialCore CommercialCommercial Core District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 48 uses
View all 48 uses
Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591