For Sale
$4,000,000

545 Canal StReading, PA 19602

Prime Reading, PA Office Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A office complex, located at 545 Canal St in Reading, Pennsylvania (zip code 19602), offers 80,000 square feet of versatile space across three stories. The property sits on a 2.5-acre lot and includes 40 parking spaces. Built in 2018, this meticulously renovated building boasts 20 units suitable for various uses, including executive, medical, and traditional office spaces. Currently housing diverse tenants such as Reading Film Studio and a City of Reading office, the building offers opportunities for single or multi-tenant occupancy. The property's former use was as Bills Khaki's. Available floor plans showcase the adaptability of the space, which also includes event space and is connected to the Canal Street Pub. The asking price is $4,000,000 ($50 per square foot). A significant advantage is the availability of grant programs covering up to 75% of the purchase price for conversion into apartments, along with potential tax advantages. All offers are subject to third-party approval. Triple net lease options are also available at $10 per square foot. The property's central location in Berks County provides excellent access to amenities and transportation.

Highlights

  • $4,000,000 asking price for this 80,000 square foot Class A office building.
  • Located at 545 Canal St, Reading, PA 19602, this property features 20 units across three stories on a 2.5-acre lot.
  • Renovated in 2018, the building offers 40 parking spaces and is suitable for executive, medical, and traditional office uses.
  • Currently multi-tenant occupied, with leasing options also available at $10/SF triple net.
  • Broker co-op is available.

Property Details for 545 Canal St

Property type
Office properties, Medical offices
Square Feet
80,000 SF
Class
A
Year Renovated
2018
Buildings
1
Stories
3
Lot Size (sq. ft)
108,900 SF
Units
20

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.32505532713
Longitude
-75.926703994576
545 Canal St, Reading, Pennsylvania

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545 Canal St
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