Property
Reading, PA 19601 851 Penn Street
$1,100,000
39 more
Presented By: Daryl Tillman Realty Group
SQFT • 2,178
Home Details
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.
Dont miss out on this opportunity! Contact us today to schedule a private showing.
Presented By: Daryl Tillman Realty Group
Interior Features for 851 Penn Street
Other Interior Features
Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 851 Penn Street
Accessibility2+ Access Exits, 32 + wide Doors
Business TypeRestaurant/Bar, Apartment Building
CityREADING
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C, Ductless/Mini-Split
CountyBERKS
Current UseBar, Restaurant, Apartments
DirectionsFrom 422, take 422 BUS E Exit. Continue on Penn Ave. Destination is on left
HeatingHot Water
Lease Considered Y/NNo
Lot Size Square Feet2178.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
ModificationTimestamp2024-12-06T13:40:46
MunicipalityREADING CITY
New ConstructionNo
PossessionNegotiable
Price Per Sq Ft Total AG505.05
Property SubtypeMixed Use
Property TypeBusiness Opportunity
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount2775.0
Tax Assessed Value62500.0
Tax Lot9310
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1912
Year Built SourceEstimated
ZoningCOMMERCIAL
Exterior for 851 Penn Street
Building Area Total2178.00
Car Parking Spaces
InclusionsAll equipment
Land Assessed Value24700.00
Land Use Code4120
Lot Dimensions0.00 x 0.00
Lot Size Acres0.05
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Catarina Gomes
Associate
Price
$1,100,000
MLS#PABK2051172
List Date
11/16/2024
Property Type
Business Op
Phone
(862) 371-0600