Reading, PA 19601 527 Penn Street

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Presented By: Pagoda Realty
  • MLS# PABK2059202
  • 06/25/2025
  • Request Tour
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  • SQFT • 2,600

Home Details

Don't miss an opportunity to own well established over 20 years restaurant, Pizza shop in downtown, business district, city of reading PA. Owners are retiring., willing to train if needed. Showing during business hours 10-10 everyday. Near Alvernia college. Lots of businesses around. Real estate not included
Presented By: Pagoda Realty

Interior Features for 527 Penn Street

Other Interior Features

Central Air Y/NYes
FlooringCeramic Tile, Other
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 527 Penn Street

Acceptable FinancingCash, Conventional, Lease Purchase, Negotiable, Private, Other
AccessibilityNo Stairs, Other
Business TypeOther/General Retail, Other, Restaurant/Bar, Storage
CityREADING
Construction MaterialsBrick, Other
Cool FuelNatural Gas
CoolingCentral A/C, Multi Units
CountyBERKS
DirectionsPenn St South. Property on right
DisclosuresHouse Code - Current License, House Code - Inspected
Electric120/240V, Other
ExclusionsOwner's private Property
HeatingForced Air
Insurance Expense4500.00
Lease Considered Y/NYes
Location TypeBusiness District
MLS AreaReading City (10201)
MunicipalityREADING CITY
New ConstructionNo
Number Of Units Total1
OwnershipLeasehold
Possession31-60 Days CD, 61-90 Days CD, Negotiable, Subject to Existing Lease
Possible UseBar/Tavern/Lounge, Barber/Beauty, Bed & Breakfast, Beer/Wine/Liquor, Church, Clothing, Commercial, Convenience Store, Day Care, Distribution, Dry Cleaner, Financial, Florist/Nursery, Food & Beverage, Food Market, F
Price Per Sq Ft Total AG22.86
Property ConditionVery Good
Property SubtypeOther
Property TypeCommercial Sale
RoofUnknown
Security Features24 hour security, Carbon Monoxide Detector(s), Electric Alarm, Exterior Cameras, Fire Detection System, Smoke Detector
SewerPublic Septic
Standard StatusActive
StatusACTIVE
Tax Annual Amount5684.0
Tax Assessed Value126100.0
Tax Lot1348
Tax Year2025
UtilitiesCable TV Available, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewStreet, Other
Water Access Y/NNo
Year Built1930
Year Built SourceEstimated
ZoningCOMMERCIAL/RES

Exterior for 527 Penn Street

Building Area Total13100.00
Car Parking Spaces10
InclusionsKitchen and restaurant equipment.
Land Assessed Value35800.00
Land Use Code4124
Lot Dimensions0.00 x 0.00
Lot FeaturesOther
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Other EquipmentNegotiable
Parking FeaturesHandicap Parking, Lighted Parking, Paved Parking, Public, Security/Monitored
Road ResponsibilityCity/County
Road Surface TypeApproved
Total Loading Docks0
Total Parking Spaces11
Type of ParkingOn Street, Parking Lot, Other
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $299,500
MLS#PABK2059202
List Date 06/25/2025
Property Type Commercial
Phone 703.929.4729
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