Homes for sale - 851 PENN ST, Reading, PA 19601

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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

$1,260,000

Est. payment - /mo

2,178 SqFt

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UPDATED:

11/15/2024 12:02 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,178 sqft

Price per Sqft $578

MLS Listing ID PABK2051000

Originating Board BRIGHT

Year Built 1912

Annual Tax Amount $2,775

Tax Year 2024

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 0.00 x 0.00

Property Description

Welcome to 851 Penn Street, a prime investment opportunity in the heart of Reading, PA! This highly profitable, mixed-use property features two units: one residential apartment and one successful commercial space, currently operating as a restaurant and bar. Located just one block from the Santander Arena, this building offers plentiful foot traffic, making it an attractive location for both residents and businesses. The residential unit is a three bedroom one bath, cozy apartment. The ground floor features an Italian restaurant. Included with this sale is the Italian Garden, Six Pack Outlet with Liquor License, DJ equipment and pool table. The building located at 853 Penn Street, for the Italian Garden Six Pack Outlet is not included in this sale. Lease amount for 853 Penn Street is negotiable with all serious offers.
This property is an excellent investment opportunity with multiple streams of income.
Don’t miss out on this opportunity! Contact us today to schedule a private showing.

Location

State PA

County Berks

Area Reading City (10201)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C, Ductless/Mini-Split

Inclusions All equipment

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility 2+ Access Exits, 32\"+ wide Doors

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 08-5307-84-90-9310

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Christopher R Smith • Daryl Tillman Realty Group

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

851 PENN ST Reading, PA 19601

William Mercogliano III

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

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