Address
348 Penn Street, Reading, PA
Price
$ 239,900
Property Attributes
- MLS#PABK2031468
- TypeCommercial
- CountyBERKS
- CityReading
- AreaReading City
- Zip19602
- StyleRestaurant/Bar
- Year Built1920
- Taxes$ 3943
- Price$ 239,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2250
- Lot Size5,663 SqFt
Data Source:
Bright MLS
Property Description
Large Commercial building in the Heart of College Town District in the City of Reading. Perfect for a New Restaurant or lounge. Off street parking in the rear of building and city parking lot next door. This building has potential for residential apartments on the 2nd and 3rd floor. The building is currently leased to a catering company. The lease is month to month and the Caterer will need 60 days to relocate. There is a land lease for the building on the left for $200.00 per month. The catering company pays $2000.00 per month. The building needs updating, the owner is selling the property "AS IS ". Bring your ideas and make an offer! Please give us 48-hour notice for all showings.
| Price History | |
|---|---|
| 6/21/2023 | Listed $249,900 |
| 8/14/2023 | 5% - $239,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Hot Water,Baseboard - Electric |
| Cooling | Central A/C |
| Possession | 61-90 Days CD |
| Zoning | COMMERCIAL |
| Construction Materials | Brick |
| Year Built | 1920 |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Restaurant/Bar |
| Accessibility | Other Bath Mod |
| County | BERKS |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | RIGHT ON PENN ST IN READING,PA |
| ModificationTimestamp | 2024-02-20T09:27:43 |
| City | READING |
| Buyer Agent Compensation | 3 |
| MLS Area | Reading City (10201) |
| Lot Size Square Feet | 5662.00 |
| Tax Assessed Value | 90200.0 |
| Waterfront Y/N | No |
| Street Name | PENN |
| Tax Annual Amount | 3943.0 |
| Price Per Sq Ft | 59.98 |
| Acceptable Financing | Conventional,Cash |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 315 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 1083 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas,Electric |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Private,Public |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 6 |
| Type of Parking | Driveway,On Street |
| Land Use Code | 4124 |
| Water View Y/N | No |
| Building Area Total | 4000.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.13 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Other Equipment | Some |
| Land Assessed Value | 40600.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19602
Price
Taxes
Visits
Year Built
Walkscore
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