503 PENN ST, Reading, PA 19601
503 PENN ST, Reading, PA 19601
503 PENN ST, Reading, PA 19601
24
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Listed by Cole Golden • RE/MAX Of Reading
$850,000
Est. payment /mo
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2,613 Sqft Lot
New

503 PENN ST Reading, PA 19601

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PABK2078856

Year Built 1900

Annual Tax Amount $12,514

Tax Year 2026

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Positioned prominently in the heart of Reading's Commercial Core District, this building offers investors a unique opportunity to own a substantial, multi-level commercial property with flexible space and multiple potential uses. The building was remodeled approximately 10 years ago, updating the property for modern commercial uses while retaining many of its distinctive architectural features, like exposed brick walls. Its location within the Penn Square Overlay and Callowhill Historic Districts adds to its prominence and character. The first and second floors are leased to a tenant currently completing a dining concept. The second floor is incorporated into the lease and features an open seating area, balcony overlooking the first floor, and an appealing connection between the two levels. The third and fourth floors provide significant additional flex space, offering an investor the opportunity to accommodate office users, professional services, creative businesses, or other commercial uses. Each floor features an open layout, kitchenette, and dedicated HVAC system, providing flexibility for future leasing or owner-user possibilities. The fourth floor also features a large skylight that brings abundant natural light into the space. Large front windows provide excellent natural light and expansive views of downtown Reading and the surrounding area, creating an attractive environment for tenants and their customers. An elevator serves all five floors, providing convenient access throughout the building. The basement adds substantial utility with two distinctive bathrooms, extensive storage, mechanical areas, electrical panels, and the HVAC equipment serving the first- and second-floor tenant. A sprinkler system provides protection throughout the building. With an existing income-producing tenant, substantial additional space, flexible floor plans, elevator service, and a prominent downtown location, the Weidenhammer Building presents an opportunity for an investor looking to acquire a distinctive commercial property with multiple avenues for future leasing and value creation. Professional pictures to come.

Location

State PA

County Berks

Area Reading City (10201)

Zoning COMMERCIAL CORE

Interior

Hot Water Electric

Cooling Central A/C

Flooring Wood

Heat Source Electric, Natural Gas

Exterior

Water Access N

View City

Roof Type Rubber

Accessibility 32\"+ wide Doors, 36\"+ wide Halls, Elevator

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 07-5307-83-70-9337

Ownership Fee Simple

Security Features Fire Detection System,Smoke Detector,Sprinkler System - Indoor

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

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503 PENN ST