408 Penn StReading, PA 19602

Property Details for 408 Penn St

Year built

1900

Lot size

0.24 AC

Property size (Sq ft)

32,152 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

5307-82-70-4031

APU

530782704031

Description

This exceptional retail property at 408 Penn Street in Reading, Pennsylvania offers a unique investment or leasing opportunity. Located in Berks County, this mixed-use storefront boasts a total of 32,152 square feet, with flexible space options available. Currently, there is a minimum of 10,000 square feet available for lease or sale, with a maximum contiguous space of 22,152 square feet. The property's multiple tenancy structure allows for diverse business configurations, catering to a wide range of retail needs. Its central location in downtown Reading provides excellent visibility and accessibility, ensuring high foot traffic and strong potential for business growth. The property is ideally suited for businesses seeking a prominent presence in a thriving urban environment. This is a rare chance to acquire or lease a substantial retail space in a desirable location. The address is 408 Penn St, Reading, PA 19602. Serious inquiries are encouraged to explore the possibilities this property presents. The property is categorized as retail and offers significant square footage for a variety of uses. The flexible space options make it suitable for a range of businesses seeking a prominent location in a busy area of Reading.

• CAP approach

  CAP return

  Valuation

  6%

  $7,295,112

  6.5%

  $6,733,950

  7%

  $6,252,953

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,212,808

  Geo Method

  $10,586,470

• Alternative Use

  Use

  Valuation

  Residential

  $5,680,338

  Hospitality

  $5,203,160

  Educational

  $4,328,968

  Medical

  $4,477,848

  Retail

  $6,733,950

Location Insight

City

Reading

County

Berks

State

Pennsylvania

Latitude

40.3348

Longitude

-75.9294

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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