540 Court StReading, PA 19601

  • Office properties
  • 3,962 SF
For Sale
$495,000 View listing

Property Details for 540 Court St

Year built
1874
Lot size
0.04 AC
Property size (Sq ft)
3,962 SF
Property type
Office properties
Property subtype
Office buildings
APN
5307-83-80-2437
APU
530783802437

Description

This meticulously maintained, 11,000 square foot office building at 540 Court Street in Reading, PA, presents a unique investment opportunity. Completely renovated, the property offers bright, adaptable office suites, perfect for a variety of professional uses. Imagine your business thriving in this convenient location, just steps from the courthouse, parking garages, and local shops. The building features modern amenities including multiple conference rooms, a welcoming luncheon area with an outdoor patio, and a convenient elevator. The thoughtfully designed layout allows for flexibility

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $611,535
    6.5%
    $564,494
    7%
    $524,173
  • Comparable approach

    Method
    Valuation
    Relative Method
    $303,804
    Geo Method
    $517,675
  • Alternative Use

    Use
    Valuation
    Residential
    $699,972
    Hospitality
    $641,171
    Educational
    $533,446
    Medical
    $551,792
    Retail
    $829,806
540 Court St, Reading, Pennsylvania

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.336
Longitude
-75.9265
CBSA code
39740
CBSA name
READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,589
$26,000
$71,800
$97,800
-
$26,000
$71,800
$97,800

FAQs

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