$849,000
408 Penn St
Details
Property Type Retail
Sub Type Storefront
Square Footage 32,152
Occupancy 100%
Tenancy Vacant
Price per SqFt $26
Class C
Year Built 1900
Stories 3
Acreage 0.240
Zoning C-C (Commercial Core)
Downtown Reading Property for Sale – Prime Mixed-Use Potential in High-Traffic Corridor
Marketing description
For Sale.
Investment highlights
- Building Size: 32,152 SF
- Stories: 3 floors plus a full basement (4 levels total)
- Building Class: C
- Year Built: Circa 1900
- Price: $899,999
- Price per SF: ~$27.99
- Lot Size: Approximately 0.24 acres
- Zoning: C-C (Commercial Core)
- Opportunity Zone: Yes
- FAR (Floor Area Ratio): ~3.08
- Basement: Large storage or stockroom
- First Floor: Street-level retail storefront with high visibility and excellent Penn Street frontage
- Second Floor: Open floor plate, ideal for office or apartment conversion
- Third Floor: Suited for office, creative studio, or residential build-out
- Flexible for mixed-use redevelopment, retail/residential, or live/work applications
- Current Tenant: Furniture Mecca
- Lease details (term, rent, SF occupied) not disclosed
Listing Contacts
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
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
