Property
Reading, PA 19604 506 N 12Th Street
$795,000
5 more
Presented By: Destination Realty LLC
SQFT • 35,000
Home Details
Rare Investment Opportunity 506 N 12th St, Reading, PA
Discover a rare chance to own this impressive 35,000 square foot former factory building, now available for sale in the heart of Reading, Pennsylvania! This versatile, three-story commercial property, complete with possible basement parking, offers significant potential for redevelopment into multifamily housing or unique commercial spaces. Located at 506 N 12th St, this property combines historical charm with modern structural stability, making it a prime opportunity for investors or developers.
Property Highlights:
Presented By: Destination Realty LLC
Interior Features for 506 N 12Th Street
Other Interior Features
Clear Span Ceiling Height10' to 12', 12' to 15', 8' to 10'
Central Air Y/NNo
FlooringHardwood
Heating FuelNone
Hot WaterNone
Number of Elevators
Total Stories4
Other Rooms
Entry Level1
General for 506 N 12Th Street
Acceptable FinancingConventional
AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building, Storage, Warehouse, Other
CityREADING
Construction MaterialsBrick, Masonry
Cool FuelNone
CoolingNone
CountyBERKS
DirectionsFrom 12th and /Spring Sts take 12th south to property on the Right. Street parking
DisclosuresNone
Electric200+ Amp Service
ExclusionsNone
FULLFee Simple
HeatingNone
Historic Y/NNo
Lease Considered Y/NNo
Location TypeDowntown
Lot Size Square Feet10454.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
ModificationTimestamp2024-10-31T01:58:46
MunicipalityREADING CITY
New ConstructionNo
NumberOfUnitsTotal29
PossessionImmediate, 0-30 Days CD, 31-60 Days CD, 61-90 Days CD, 90-120 Days CD
Possible UseApartment Building, Apartments, Bed & Breakfast, Commercial, Development, Investment, Mini-Storage, Mixed Use, Multi-Family, Professional Service, Residential, Retail, Special Purpose, Vacant, Warehouse, Wholesale,
Price Per Sq Ft Total AG22.71
Property ConditionMajor Rehab Needed
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofCool/White, Rubber
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount7535.0
Tax Assessed Value169700.0
Tax Lot5169
Tax Year2024
Topographylevel to street in the front, gentle slope along to the back of the building
TransportationAirport less than 10 miles, Bus Stop less than 1 mile
UtilitiesElectric Available, Cable TV Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewCity
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceEstimated
ZoningR-3
Zoning Descriptionhigh density residential
Exterior for 506 N 12Th Street
Building Area Total35000.00
Car Parking Spaces12
Fencing Y/NN
Foundation DetailsConcrete Perimeter, Stone
InclusionsNone
Land Assessed Value30000.00
Land Use Code3336
Lot Dimensions0.00 x 0.00
Lot FeaturesCorner, Road Frontage, Sloping, Zero Lot Line
Lot Size Acres0.24
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Other EquipmentNone
Road ResponsibilityCity/County
Road Surface TypeBlack Top
Soil TypesUnknown
Topography Descriptionlevel to street in the front, gentle slope along to the back of the building
Total Loading Docks1
Total Parking Spaces12
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Ebonie Clerier
Associate