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348 Penn Street Reading, PA $ 239,900
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$ 239,900 Get more info
348 Penn Street
$ 239,900
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348 Penn Street

Reading, PA, 19602
$ 239,900
Baths0.0 Sq 2,250

Monthly Estimate*

$ 1,594

348 Penn Street, Reading, PA 19602 - Image 1
Studio

Commercial Property for sale in Reading, PA

for $239,900. This 2,250 square foot building was built in 1920 on a lot size of 0.13.

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.

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Commercial Active

Price

$ 239,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,943

Style

Restaurant/Bar

Lot Size

0.13

Year Built

1920

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2031468
Features
Interior
Heating Fuel Natural Gas Electric
Hot Water Natural Gas
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
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General
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
Municipality READING CITY
Business Type Restaurant/Bar
Accessibility Other Bath Mod
County BERKS
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions RIGHT ON PENN ST IN READING PA
City READING
Buyer Agent Compensation 3
NumberOfUnitsTotal 0
MLS Area Reading City (10201)
Lot Size Units Square Feet
Lot Size Square Feet 5662.00
Waterfront Y/N N
Street Name PENN
Tax Annual Amount 3943.0
Price Per Sq Ft Total 59.98
Acceptable Financing Conventional Cash
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 349
Standard Status Active
Year Built Source Estimated
Tax Lot 1083
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private Public
Water Source Public
Type of Parking Driveway On Street
Water View Y/N N
Building Area Total 4000.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.13
Lot Size Source Assessor
Other Equipment Some
Land Assessed Value 40600.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 348
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* Excluded Features
List By
Exeter Realty

Broker

exeterrealty.com@att.net

Email

Affordability Calculator

$1,923
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,594
Monthly Property Taxes
$329
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/14/2023$239,900 -4.00% Price Down
6/21/2023$249,900 Listed Price

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348 Penn Street, Reading, PA, 19602 is a Commercial Property for sale at $239,900 with 2,250 sqft and a lot size of 0.13. 348 Penn Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 19602 which is in Reading, PA

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