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**For Sale: Historic Landmark Office Building - 505 Penn St, Reading, PA** Introducing **505 Penn St**, known as the **Stichter Hardware Building**, a landmark in the heart of Reading's downtown area. Rebuilt in **1909**, this beautiful and historic office building is now available for sale, offering a unique opportunity to own a piece of local history. Conveniently located in the center of Reading's growing business district, this property is just steps away from numerous downtown attractions, including the **Santander Arena**, **Performing Arts Center**, **Berks County Services Center**, **Greater Reading Chamber Alliance**, and the **Doubletree Hotel**. Additionally, the **Alvernia University College Towne Campus** is nearby, enhancing the area's vibrancy and accessibility. The building offers several public parking garages and surface lots in close proximity, and it includes its own surface lot parking spaces as well as a large attached garage, providing ample parking for tenants and visitors. Currently, the property is **nearly 85% occupied**, making it an excellent opportunity for either an owner-occupant looking to establish their business in a historic setting or an investor aiming to expand their portfolio. This is your chance to be part of the revitalization of Reading's downtown. For additional information and to schedule a tour, **call us today!** Don't miss out on this exceptional opportunity to own a piece of Reading's history!
| DAYS ON MARKET | 165 | LAST UPDATED | 10/14/2024 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Reading City (10201) |
| COUNTY | BERKS | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jul 17, '24 | $2,500,000 |
|---|---|
| Jul 17, '24 - Oct 14, '24 | $2,400,000 |
| Oct 14, '24 - Today | $2,200,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Reading City (10201) |
| CONSTRUCTION | Stone |
| HEAT | Electric, Forced Air, Natural Gas |
| INTERIOR | Elevator |
| LOT | 10454 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| STORIES | 4 |
| TAXES | 6861 |
| UTILITIES | Cable Available, Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Street |
| WATER | Public |
| ZONING | many uses by right, very favorable zoning for businesses from retail restaurant, to office or meetin |
MORTGAGE CALCULATOR
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