Price Reduction - Views
Address
1034 Penn Street, Reading, PA
Price
$ 255,000
Property Attributes
- MLS#PABK2033236
- TypeCommercial
- CountyBERKS
- CityReading
- AreaReading City
- Zip19602
- StyleRestaurant/Bar
- Year Built1900
- Taxes$ 4372
- Price$ 255,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6000
- Lot Size6,098 SqFt
Data Source:
Bright MLS
Property Description
Calling all owner-occupants, savvy investors and prospectors. Here's your next Downtown Jazz Fest Destination. Don't look past this three-story, commercial venue in Berks County's Historic Penns Commons. Opportunity knocks. Turn your own key. Start your Bed and Breakfast . Operate your own Air Bnb. Full bar in lower level. Brew your own coffee. Craft your own signature beverages. Say Cigar Lounge. Includes rear lots for parking and deliveries. Newer mechanicals. Signage. Share the strip with The Reading Area Community College, The Miller Center for the Arts, Alvernia's John R. Post Center at Collegetowne, The Santander Arena and The Doubletree Hotel. High traffic count and high visibility. Favors foot traffic as well. This space most recently served as a restaurant but can easily accommodate multiple offices, a convenience store, multi-service, barber shop or nail/hair salon, prep kitchen, event staging or bakery. Great for the new entrepreneur who wants to manage growth or the astute business individual wanting to control costs. Opportunity knocks.
| Price History | |
|---|---|
| 8/6/2023 | Listed $300,000 |
| 9/28/2023 | 11% - $268,000 |
| 11/20/2023 | 2% - $265,000 |
| 5/2/2024 | 4% - $255,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central A/C |
| Utilities | Cable TV Available,Electric Available,Natural Gas Available |
| Possession | Immediate |
| Zoning | COMMERCIAL |
| Security Features | Surveillance Sys |
| Construction Materials | Stone,Concrete,Brick |
| Exclusions | SELLER'S PERSONAL PROPERTY |
| Year Built | 1900 |
| Electric | 200+ Amp Service |
| View | Street |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Restaurant/Bar |
| Accessibility | None |
| County | BERKS |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Transportation | Bus Stop less than 1 mile |
| Status | ACTIVE |
| Directions | SOUTH ON NORTH 10TH ST. LEFT ONTO PENN ST. PROPERTY ON RIGHT. |
| ModificationTimestamp | 2024-05-01T14:19:04 |
| City | READING |
| Buyer Agent Compensation | 2 |
| MLS Area | Reading City (10201) |
| Lot Size Square Feet | 6098.00 |
| Tax Assessed Value | 100000.0 |
| Waterfront Y/N | No |
| Street Name | PENN |
| Tax Annual Amount | 4372.0 |
| Price Per Sq Ft | 42.5 |
| Acceptable Financing | Conventional,Cash |
| Historic Y/N | Yes |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 252 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 9007 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Electric,Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Private |
|---|---|
| Lot Features | Additional Lot(s),Level,Rear Yard |
| Water Source | Public |
| Inclusions | COMMERCIAL KITCHEN EQUIPMENT AND FURNITURE |
| Total Parking Spaces | 15 |
| Type of Parking | On Street,Parking Lot |
| Land Use Code | 5180 |
| Water View Y/N | No |
| Building Area Total | 6000.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.14 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 39900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | Yes |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 15 |
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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